News: SRV Servcorp Ltd Posts FY Net Profit Attributable A$11.1 Million, page-2

Looks like an excellent report. Only negative is Europe and North Asia, which has taken an impairment which impacted on the statutory NPAT. But free cash flow still hit target because ANZ and Middle East did so well. ANZ seems to have real momentum, although the recent downturn in the economy makes me wonder if that will be impeded. Still, management is forecasting an even better overall result next year. Even the US is showing some signs of making money (but I guess this may stall too). Dividend is up AND some franking is back! And STILL the share price doesn’t move! I look at the financial metrics and can’t make sense of the share price. Market cap below 300 million, over 100 million in cash held, free cash flow above 60 million per annum, and no debt whatsoever. I remain bewildered.