I bought some HZL yesterday for 40 cents.31M shares on issue. In...

  1. 9,286 Posts.
    I bought some HZL yesterday for 40 cents.

    31M shares on issue. In April (see ASX announcement) forecast NPAT for 2007 of $1.6M to $2.0M.

    That is EPS if 5 to 6.5 cents.

    Will pay a good dividend also.

    On a PE ratio of 12, we have share price of 60 to 75 cents come August 2007.

    NOTE: WARNING: these health companies like GAA, LIP, etc, are notoriously dishonest and do not meet their short term forecasts. BUY AT YOUR OWN RISK BUT I CANNOT SEE A LOSS AT 40 cents.

    Saying that, HZL just had some new managers appointed and have a strong balance sheet.
 
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