Hslcgw, I agree with you except for one thing, the P/E multiple....

  1. 144 Posts.
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    Hslcgw, I agree with you except for one thing, the P/E multiple. The reason why I bought it at 4.4 cents is that it has a very good business with an excellent ROIC. In a normal market, this should be a 10-12x P/E stock. The beauty about this investment is that you do not have to do anything but wait. Time is your friend, and there is no scenario I can think of which can lead you to lose money even at 12 cents per share. There is almost no uncertainty. When the debt is paid off and dividend reinstated, there will be another major up movement of the share price, which is going to happen in about 2 years. How far it can go? I dunno. But in a world like this, this is one of the best investments I can think of at the moment with a great margin of safety!
 
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Last
9.5¢
Change
0.000(0.00%)
Mkt cap ! $454.3M
Open High Low Value Volume
9.5¢ 9.6¢ 9.2¢ $467.7K 4.974M

Buyers (Bids)

No. Vol. Price($)
3 66633 9.2¢
 

Sellers (Offers)

Price($) Vol. No.
9.5¢ 949870 5
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Last trade - 16.10pm 14/07/2025 (20 minute delay) ?
AMA (ASX) Chart
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