Profit up by 40% (including one off losses of Soy start up $534K and R&D Write off $831) . Profit before write offs equates to $2m (12 % Net Profit).
NTA 14 cents EPS 38 cents Current Assets $19m ($11m cash)
As Buffett would say " this company is way undervalued" : especially at 10.5 cents current SP and when you consider the following:
Sales were down slightly due to a one off (hopefully) disruption to operations caused by an earthquake in Indonesia
Oil quality has improved whilst at the same time reducing cost of production and increasing shelf life
New markets in Malaysia,Canada and Mexico
Microencapsulation patent opening up new sales opportunities which are imminent
Nusoya revenue to kick in 2008 FY
"Sales continue to increase and the business outlook looks positive" (this is the most bullish comment from the most conservative company listed on the ASX)
CLV Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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