These two companies make interesting reading, from my limited knowledge they look like this :
Market Cap - Jet $15.5M HWT $ 22.9 2002 Profit - Jet (750k) HWT (892K) Net Assets - Jet $9.3M HWT $5.3M Net Current Assets - Jet $2.1M HWT ($3.5M) Net cash increase 2002 - Jet $2.2M HWT ($5.5M) Cash at bank - Jet $4.4M HWT $3.1M
Share Price - JET 18c HWT 61c.
Jet looks way undervalued to me, it has a lower market cap, despite making smaller losses at present and seems to be moving towards profit, with a higher net assets, more cash at bank, showing an increasing cash flow and with a far greater proportion of asset value as current assets than HWT.
I'm no accountant, am I missing something in the numbers ?
Darrin
JET Price at posting:
0.0¢ Sentiment: None Disclosure: Held
