2008 looks like being a good year based on 2007 results. AU business only contributed 5 months of the Full Year reporting and included $2.8m in one-off integration costs. Also there was a high number of domestic weather events that lead to losses.
2008 looks like a year of growth. Don't forget the company won't pay tax for a very long time due to existing losses on the books.
Price definitely seems very cheap atm IMHO.
CIX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
