good half year result from this small company.reduction in...

good half year result from this small company.

reduction in borrowings by 8.5 million - operating cashflow of 10 million.

current market cap of around 15 million.

dividend reduced to very conservative level.

this company will spring out of the blocks better than ever when market condiations improve.

half year EPS of 2.8 cents - current share price of 19.5 cents

fairly thinly traded stock but not a problem for the patient investor.