Must be a good full year 2013 result. 1Q 2013 STE did $280K...

Must be a good full year 2013 result. 1Q 2013 STE did $280K EBITDA (See AGM preso in 2012). This suggests 2Q EBITDA was $470K.

The second half is typically stronger, on the back of IT services and the fact their South African MTN JV grew strongly in the 1H 2013, suggests doubling the first half EBITDA of $750K is conservative.

I'm looking for greater than $3 million in the bank and underlying $1.8 million EBITDA, and underlying NPAT of nearly $1.1 million for the full year.

This puppy will fire if management can buy another TEM (telecom expense management)software provider or start paying a credible dividend.