I picked up 50K of these for a dollar a week ago.
The lower dollar will add at least 10% to the bottom line alone going forward. Not many companies on the ASX have 95% of revenues in $US.
I'm expecting a 20% increase in profit for FY14 and will now become a potential take over target for a big US IT/software company or private equity with the lower $A.
Why buy blue chips when you can pile into something like this.
good strong result
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Last
62.5¢ |
Change
0.020(3.31%) |
Mkt cap ! $110.8M | |||
| Open | High | Low | Value | Volume |
| 60.5¢ | 64.5¢ | 60.0¢ | $264.0K | 425.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10352 | 62.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 63.0¢ | 3000 | 1 |
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| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| IRI (ASX) Chart |