Cash backing per share as at 30 June 2002 5.7 cents
Forecast 31 December 9.9 cents per share cash (no debt)
last 3 quarters actual net cash flow (operating cash flows are higher) Dec 2001 $4.49m (1.47 cps) Mar 2002 $5.23m (1.71 cps) Jun 2002 $5.6m (1.84 cps)
even if the company does not continue to grow (the company forecasts continued strong growth - I know, it's just a forecast) cash backing will exceed the current share price (24 cents) in around 2 years.
This stock is priced as if the company is in dire financial distress.
ASC Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held