their profit of 1.8 mil impacted by write-downs of 2.9 mil, so real profit would be about 1.1 mil = 1.3c eps which makes for a pe of 8 and that is about fair.
they did not state how much going to the buy back, but 7 mil cash is the main thing going for them. Fortunately the telco sector has improved across the board, but the only way out for OTL is a t/o.
OTL
orion telecommunications limited
