I think Azzumah is right - we need a share consolidation. Maybe a five for one. If they did this, EPS would look much better, and folk would see a chance for a dividend.
It's a good business, and will get better over the coming 18 months - with revenues set to more than double, and costs decrease (shorter supply chain).
It's withstood the current sharemarket woes reasonably well, which makes me think it's unlikely to go lower than where it is.
They may yet surprise the market with a higher profit than forecast (Comsec consensus is 1.2c/share for the year).
BMX
bemax resources limited
