Expecting that the next results will be a profit, this share still has some legs, and nice ones at that.
on a $40m profit, the share will sit at approx 45c, on earnings of about 7.5%p.a
working around this, without all the assoc high costs pertaining to funding, this figure is obtainable, if not by this half, the next. Therefore the natural progression of share price is imminent unless unforeseen negative data is released.
Still a potential takeover target by many groups and possible share consolidation.
the surprise isnt in SP gain, but when SP is down. Anything under 40 is good buying
SIP Price at posting:
38.5¢ Sentiment: Buy Disclosure: Held
