Still significantly UNDERVALUED !!!!

Cannot believe this thing is still flying under the radar. I challenge anyone to find another company that produces $8m of FCF with a market cap of $40m. With interest rates so low, this company surely should catch the eye of some of their bigger competitors if they're looking for a bolt-on acquisition.

I understand the sector is fraught with danger in terms of cash generation but if these guys manage to achieve $8m of FCF for the year ahead as well as year after, the stock simply has to re-rate! Hopefully the half-year result will shine a light on whether they've been able to carry through their performance from last year.

As for the sellers that are trying to sell out between 20 to 30 cents, they clearly don't have a grip on what the intrinsic value of this stock is.