The jump to 1.60 was a bit extreme and I'm as guilty as anyone of getting caught up in the hype. I think the current price is fairly easy to justify though. They've roughly doubled profit before tax. Next year I expect revenue of around $70 million and NPAT of about $11 million, and that's after the major capital expense to double production capacity.
If I had any money spare I'd be pretty happy to buy at 80-90c.
The jump to 1.60 was a bit extreme and I'm as guilty as anyone...
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