I see this point in time as the tipping point. India is up and running UAE is showing improvement and Component Homes is expected to be "strongly positive in the second half".
Last quarter was borderline cash flow positive but with the key is the cash flow catching up to production (3 to 4 month wait in building homes). At 60% they state that profit will be around $4m at full production it should be around $7m. In the half yearly they reported that they are taking steps to expand production. At a $13m market cap plus expanding production the price should be...
Blue sky potential in the form of Jordan steel framed housing, 3 new Indian factories, steel framed housing for India (that would be massive), additional product lines and servicing the resources market in WA.
To me it surely should at least double at some stage given the potential / cashflow vs market cap but it's a crazy market atm and other companies I have held have let me down so I will wait and see.
JVG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
