Expected to make a 4-5 million profit this financial year with the potential to make 8-10 mill next financial year after plant upgrades!
With a market capitalisation(undiluted) of 15 million,
that equates to a price earnings ratio of 3 this year and at least 2 next year.
These figures are not unrealistic with a small to medium risk profile.
Is there a cheaper stock on the market?
Or has there ever been a cheaper stock on the market?
I have never seen a stock this cheaply priced.
I don't understand why it is so cheaply priced, so i am assuming it is from past sentiment on this stock (very negative) but this will change with time.
I truly believe this is the best and strongest buy in the market now and in my 15 years of trading/investing.
good luck and fortune!
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- still the cheapest stock on asx. pe ratio of 3!
still the cheapest stock on asx. pe ratio of 3!
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