Well, at some cap value of +/- $72 mil, with npat (net profit ~ sorry, P R O F I T ~ after tax) anticipated at $42 - $47 mil for FY09,
..it's time.
Take it from last bunch of reports, that the cash position is around $40 - 60 mil! ($41.2 at end fin yr 08, and $62.4 expected end f/y 09)
As buffett would say, .. it's time to buy!
Assuming reporting is correct, this s/p is too good to be true.
Time for building up to the true value of this company imo.
Been on for the ride to these levels, but fundamentals have long gone, and we're getting to the ridiculous.
Guess someone / investor of some sought, couldn't wait, or sees better opportunity elsewhere.
Alternatively the buyers prob done the homework few times over, and is capitalising on other persons sell request?
Just a thought.
Cheers :)
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