Having just read some of the analysis by a few of you , I...

Having just read some of the analysis by a few of you , I calculated the capitalisation of Mikoh at $16 million, give or take a few dollars. This is at a price of 5 cents, which I might add, is only just above the lowest for 12 months.

If revenue this year [10-11] is going to be at least $6 million, with a gp of maybe 40%, that makes $2.4 million. With staff costs coming down,it has to be getting close to break even. The Thai deal alone is going to be about $25 million, & you would expect it to be all done by end of calender year 2011,which is 15 months. So, there is a lot of revenue to come just for the Thai deal.

By the end of Dec. 2011, you would also expect that new deals would have been signed, & started, especially in Asia, so revenue for 11-12 should be very large....even more than the current capitalisation ! If margins get better,as they should, with volumes, this company is definitely undervalued.

That is only my thinking for the Asian business. Add to that the US & Sth American opportunities, & printers, & you have a company which looks like coming off the bottom quickly.

The new management , especially P. Tyree & P. Scully-Power seem to have sorted this out well.
The share price of 5 cents looks a steal, especially if Mikoh turns it's first ever profit in 11-12