I don't know if my thinking and calculation is correct but I was looking at the $1.2 million profit for the quarter and thinking that if they maintain that (personally I think it will increase) for a full year in each quarter then that is $4.8 million profit for the year.
Divide the $4.8 million by shares on issue and we have almost 1 cent a share profit and at the current share price that is almost 6% return per share.
Pretty good I think.
I think the Share Price is far too low at the moment.
Profit Calculations
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