No getting away from the fact this stock is a minnow. But, despite recent share price rise, the $2.2m market cap is still a joke c.f. the NPAT forecast of $0.7m-$1.0m, plus $686k in cash and $369k in listed investments.
Produced HY NPAT of $379k - of which about $197k came from gains on investments. Actually thought they might have beaten that based on the AusTender contract data, but perhaps a timing issue, so could explain the confidence around second half.
As per usual, they mention the possibility of acquisitions, but I would think they really need to see the share price above 20cps for them to be able to effectively use equity for a purchase. Question is, whether they will try to stash cash for an acquisition or use it to underpin the sp with a div.
HIT Price at posting:
7.2¢ Sentiment: Buy Disclosure: Held
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