DW my honest opinion is 'that I don't know'. The last lot of figures were quite good, but then they go and sink a truck load of money into a website, completely out of line with the core business. It is a trust issue with management more than anything that had held things back in my view. The share price 'value' is very difficult to predict because they have a long history of writedowns despite decent revenue, where the NTA has continued to decline over time. Someone is on there right now selling 5 million shares for a reason.
I do however believe if they can sustain the results of the half yearly then we are undervalued significantly.
PSZ Price at posting:
2.4¢ Sentiment: Hold Disclosure: Held
