$10m after tax profits, virtually debt free, market cap $50m with masses of franking credits.
Exposure to floods/storms seems mercifully light.
Stock on P/E of 5, I expect a dividend of 2-3 cents, so a yield of 8-10%.
Ridiculously cheap, but the market needs to care. Target 40c.
$10m after tax profits, virtually debt free, market cap $50m...
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