I still don't get how a company with:
- ROE > 20%
- NO BANK DEBT
- 6mil cash in bank
- Recurring revenue from existing productions
- Growing profits in the face of a high AUD
- Strong management that own a good deal of the company
is still trading at a P/E of < 9...
Not to mention they express an increase in profits (single digit) in the next financial year, as per the presentation at the AGM.
Just wow.
Ann: 2012 AGM Address to Shareholders , page-2
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