We just need some real buyers to take out the 2 larger sell orders at 8.7 and 9.0 cents respectively and then this share will truly burst into a new level.
There isn't any downside based on announcements of late. The biggest plus is that the first few years of profit will be tax free (due to carried forward tax losses), further improving the NPAT figure. This company seems to care about timely reporting (releasing its annual report one month early). Based on recent announcements, confirmed by a decent FY13 profit, management's turnaround strategy appears on track.
With a recent significant new contract won, this generally translates into increased sales, which usually translates into higher profits. Let's see how sales and cash flow stands after this quarter.
I have a good feeling about this share.
EVS Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held
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