Cash Guidance - Qtr 4, page-8

If we hit 3.5mil cash flow this qtr, i think sp will be higher than that. 14mil cash flow annualised, looking at a profit of 10mil with no growth considered, then we are trading at a pe of 18. This has a long way to go IMO. I think 1.40- 1.50 by mid next month, and I'll even say that is still undervalued. Just takes a while to get to fair value, which I think would be 2-2.50 after the end of year report if these numbers get hit.