That pe ratio would be based on historical earnings, it would be...

That pe ratio would be based on historical earnings, it would be more valid to value on forward pe,that is where using a peg ratio gives you a better idea of what the sp should be.
Currently the peg is under a half so that is saying that the company is still very cheap,
however there are plenty of small cap companys with similiar ratios, but i am yet to see one with as many growth options as this company has.
Love the quote from the Barry Brothers guy in the aussie today who stated that their business was "recession proof",
also that we can expect a dividend "this year".
The 500k sale by one of the directors yesterday was handled well, it was obviously sold to an insto who had listened to the preso,this particular director got his shares when he sold his business to tox last year,
and as he is not the youngest guy in the world he must have wanted to diversify his investments as he gets closer to retirment