i believe 82c. is excellent value

have spent a number of hours researching this stock. av. pe traded at is 7.0 - 7.5. forward eps. of 2.1 c. = pe.3.6
ie. trading at its av. pe the stock should be trading at close to twice its current price.
the actual eps will be less than this due to one offs.

there appears to be a modest gain in revenue and eps.yr.to yr. and the steps the new ceo is taking to increase the company's efficiency and to cross sell its services should hopfully increase its peformance over time.

i am taking a modest holding at this stage with a view to increasing this at a later date if there some confirmation of of my views by way of announcements.

refer to patersons report on the companies web site

gk.