Slogger, the March qtr is effectively irrelevant anyway as its history and things changed during that qtr for the better. Its what is going to happen in upcoming quarters that will drive the share price....not history. They wouldn't have had an oversubscribed $3mil placement with two new institutional investors if the value wasn't good and the future looked promising. Instos and brokers always haggle for the lowest price they can get and remember the stock hit 12 c only days before the 8.5c placement....so a big discount.
Reality is everyone is questioning them simply because the price has come back due to the rights issue. Its a temporary thing and once its over I think its reasonable to expect a solid rebound.
KDR Price at posting:
8.4¢ Sentiment: Buy Disclosure: Held
