Hi Lost,
I had a look at the Half Year Presentation and the Net Assets are $8,611 Million. So if you divide this with the number of shares they have (48,784,291)it is about 18c per share NTA. The price today is 13.5c, so if someone buys shares at this price, it is like paying 13.5c and getting 18c plus a business for free. I am in agreement with you that this new management is turning the business around. What gives me even greater confidence is that they have continued giving dividends which shows that the board believes that they can grow the revenues. I'm looking forward to an exciting next six months.
Hi Lost,I had a look at the Half Year Presentation and the Net...
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