not much i can see with a quick peek132m shares on issuepoor...

not much i can see with a quick peek

132m shares on issue

poor margins

poor cash flow

but won't pay tax for a while with $23m in accumulated losses booked in

debt is not high but appears to be on life support with what appear to be uncertain credit facilities with Bendigo Bank

no profit guidance give for 2011, which is a bad sign

only $100,000 profit made in first 1/3 of year

on an annual basis, this amounts to $300,000 or 0.2 cents EPS

to return to 54 cents, on a PE ratio x 12, ITD need to earn $6m npat or 4.5 cents EPS

the most ITD has ever earned over 12 months is $4.2m over 2nd half 2006 & first half 2007

so $6m npat seems acheivable if the stars align

HOWEVER, i am unaware of the actuall problems this company is obviously having and why there profit margins & cash flow became so poor

all the best