A new ground swell, page-5

Bonkers is this it....A new ground swell A subsequent slump saw it retreat to a low
of $7.67 in early May but the stock has
since been on the rebound, yesterday closing
up 11¢ on its high for the day of $8.98 on
volume of 344,000 shares.
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Analysts have placed a value of between
$12.50 and $13.50 on the stock on a
discounted cash flow basis.
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Ord Minnett, which floated the company and
commands the bulk of the company's volume,
is not surprisingly bullish on the outlook.
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"It is a buy," analyst Russell Wright said
yesterday.


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parmst