Ann: 1HFY24 Investor Presentation, page-9

Yes - based on their metrics they are quite undervalued. NTA is about $20m. MC is $16.95m. There are other microcaps being treated in a similar fashion. For no real reason market sentiment has microcaps out of favour. A number of analysts are saying the tide is turning and microcaps particularly those with good balance sheets are beginning to rise. It does make sense when the top end of the market is near it's all time high investors must start to look at stocks which are mispriced and they will find them at the low end of the market among the microcaps where they have been out of favour for 2 years at least.