A good year for LRG, which, in my opinion, isn't reflected in...

A good year for LRG, which, in my opinion, isn't reflected in the shareprice.

Highlights include:
- new offices announced, most recently one in Perth and Singapore. The US is almost profitable and is employing (see website). This suggests proper commercialization.
http://c4i.com.au/announcements/c4i-goes-west-perth-presence-established
- good metrics - PE of 7.7 (ex tax credit) and 2.6 (with tax credit);
- cash of 12c p/s (although 1/3 of that will be deferred revenue, and the tax liability looks questionable);
- maintenance revenue is up (as they've been trying to achieve) and is sticky;
- have C4i on google alerts and in the last year there's been a noticeable increase in attention from industry commentators;

Expecting to see solid improvement this year.