half price

Yurnga, you still in this?

I've held for a while now and watched positive developments without them being reflected in the sp. This stock wouldn't be an orphan in that regard of course.

In May they provided earnings guidance of $2.4-2.6m ebit. In the absence of any other guidance it's reasonable to assume this will be met.

Given some interest expense but no tax I would be looking for $2m+ npat. This should support a market cap of about $25m and may be conservative given the growth opportunities and new acquisitions not contributing a full year.

Based on issued shares of 221m a valuation of 10-12c is easily achieved.

The company say they will release results after market tonight so reaction should be interesting.

cosmos