were to from here

Here are some points:

- It's trading at 44c yet the Net Tangible Assets (NTA) are $197 as at 31-12-08

- It has cash reserves of $105M and undrawn line of credit of $170. They state that they have no need to raise cash in the near future.

- They are considering a share buy back

- They have just issued a fully franked interim dividend of 3c

- They have conservative gearing ratios

- A director bought to early. He bought $411K in Sept last year at $2.31 (ouch) Yet he still must have been confident then.

- 5 analysts give this a buy recomendation