communication with mgt?, page-6

Its getting some consistency to their earnings that makes calling a price hard. Last FY they were at about 9.5c EPS from memory, so at a P/E of 10 that would give a SP of 95c, as a very rough valuation, and a divi of 2c. Then we got slam dunked with the bad news and write downs. Counting out the write down they'll still make an operating profit but down from last year. If they can secure a few good contracts next FY earnings could recover quite fast.