Thanks for the feedback. I'm getting more bullish on this stock the more I understand. It was at $1 six months ago after the FY24 Q4 report and since then the cash earnings of about $8m represent more than 10c a share.
Also, the turnaround that we saw in the Q4 numbers has continued and strengthened over the next two quarters, reducing risk.
You can pretty much add the two quarterlies to figure out the half yearly -> $11m NPBT.
Also, there are some potential tax losses to use but even without that, the PE on PAT is about 6. There seems to be historical franking credits to use and cash from options to fund plenty of dividends.
Is there some hidden negative? What have I missed?
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