I was told by Kevin a few months back, that the only way they'd...

I was told by Kevin a few months back, that the only way they'd consider a capital raising was if there was a "serious deterioration" in their business. Well, they did a capital raising (at a 30% discount to the market price), viz. they're screwed. It may seem like they're cheap given their expected NPAT, but if they were "actually" pulling in those sorts of profits then there would have been no reason to do a capital raising (it sort of reminds of Nexbis (NBS), book the profits on the account sheet but never actually receive the monies to generate the profit).