lbl half yearly, page-9

Hi DJ1,
"Why all of a sudden do you think there is growth potential?"
1) The timing is right.
2) Its revenues & profits say it is growing.
3) The market is treating it with some "respect".
a) Double digit PER.
b) It has an MC that is 4 times its NTA of $4m (excluding the intangible)
We don't see this respect in low or no growth companies that usually trade at a low PE & often at a large discount to NTA.
The terms "cheap" & "expenssive" don't mean much ...They are certainly not an indication to buy or sell a particular stock.
We have seen "cheap" stocks that stay as such...Cheap.
On the other hand,what looks "expensive",often becomes more expensive.
These are the weird rules of the market....Not mine.