The firm also pencils in an 11.5 cent fully-year dividend,...

The firm also pencils in an 11.5 cent fully-year dividend, equating to a yield of just under 5%.......thats actually a yield of more like 8%.

A number of other things in that report, suggest it is not correct or at best ultra conservative. The broker has increased NPAT of just $6 m.......Even if annualized revenue, increases by say 20% (ie gross extra $65m in annual sales) - sixty five million extra revenues, against a fixed cost base, is not going to equate to just $6 m NPAT.

But even more to the point....maybe investors here should focus on likely gross revenues this fin year, of over $500m verse their market cap. The company say improved margins. I think it is possible - some $40m free cash in this current year. That would obviously completely blow the current SP out of the water.

We will see - look for a bit on news from the AGM. This is a great stock for newer, even more conservative investors to do research on. As a stock, its looks so complete in that ever angle (ie no debt, growth, established brand, management) - just ticks every box. Great opportunity here.