I still believe this company is way undervalued with about A$43 mio cash held as at 30th Sept report.
They are currently capitalized at $28.7 mio,which leaves quite a margin from the cash they hold.
Their December quarterly outgoings are estimated at $1.8mio which includes Dubenski buy $700000 plus buyback $250000 of small shareholders.
They seam to have most of their money held in US$ which should give a good capital appreciation to the A$ judging by currency movements
since the 30th September.
There is no reason why they would not continue their buyback of 15 mio shares if they want to and the huge discrepancy between their
cash backing to the share value over the next three months or so that it still has to run.(March 2015 I think).
I still believe this company is way undervalued with about A$43...
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$1.33 |
Change
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Mkt cap ! $517.3M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13129 | $1.32 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.34 | 701 | 1 |
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