With cashflow per share of 2013FY 3.4 2014FY 7.3 2015FY 6.0 2016FY 9.8 and NPAT for 2017FY in the range of analyst expectations being 18 to 22 million and a current P/E of around 4.0 I think over the coming few months there should be a breakout. 2017FY EPS should be around 12.0 cents, expecting NPAT to be reported in AUG/SEP 2017 of at least $20m and with their new found conservative approach to profit recognition after actuarial investigation in prior periods I could expect that there's still a little left on the books to be recognised in future periods therefore I conclude that over the coming 2018 financial year there should be little to no impairment and as a result the realisation of around an extra $3.0m and additionally any natural realised growth should bring about a steady ongoing growth rate for years to come.
SHJ Price at posting:
49.0¢ Sentiment: Buy Disclosure: Held
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