Solid report, from an initial quick glance over. As far as I can...

Solid report, from an initial quick glance over. As far as I can tell, the profit from doing business is pretty much the same as last year, but because they've recognised their deferred tax assets (which will be a one off) the profit looks huge. This explains the massive jump in net assets.

I'm happy with the fact that the business profit has remained steady despite increasing the quality of the loans. I believe at least a 12 P/E ratio is suitable (on a 12m profit as the 10m tax benefit is a one off), which puts me at a market cap target minimum of 12.4*12 = 148.8M market cap which would be a 0.185c price target