will do further research in coming days.
but this is the opportunity of the year by the looks of it.
has a PE ratio of 2 based on a probable profit of 4 mil. next financial year.
has little debt, huge growth prospects and little to no downside.
the reason i believe it is so cheap is that the capital raising last year at 1cent (which ended up being taken up by only a few large holders as there was a shortfall)
is now being unloaded at a 100% profit.
after this has finished, it should run up to 5-6c by year end which will still only equate to a PE ratio of 5!
dirt cheap.
strong buy in my opinion.
good luck
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- cheapest stock on asx,pe ratio of 2!!!!!!!!!!!!!!!
cheapest stock on asx,pe ratio of 2!!!!!!!!!!!!!!!
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