Acturtle, Hopefully that moment is getting closer but maybe still three months away. It'll be a disappointing current half year profit performance(to be announced late Aug) with a not much better than break-even result expected but my model shows a full year net profit,before tax of US$21mil($A27.5mil). The net profit,before tax in 2006(and shouldn't have to pay any tax due to accumulated tax losses that will be fully used up in this year) will be closer to US$58mil($A75mil) according to my model with profits already easy to calculate - how long will the market let them trade at a forward p/e of under 2? The market will eventually realise that they're currently building reserves and profits at a fast pace - must be a good time to accumulate during the final two weeks of the tax-loss selling season.
PSA Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
