Profit. increasing sales, $7m in the bank
this company is a sound little business with decent growth of 100% over past year.
sure PE current is about 25, but value is always on next year PE- whcih at current rates should be around 12.5...therfore value is pobably about 7-8c right now, unless there is something really bad with the busienss I am missing....what are they going to do with that 7M???
has to be another aquisition to increase sales and company size- and they just old us that in the last announcement that they are considering opportunities. They had nearly $5m in the bank before SPP- so they didn't need money unless they needed a bit more for an aquisition...and raised it before to negotiate better...hmmm
It was played with from 8c down to 7c then the big sellers left it to fall- why aren't the big boys supporting their holdings- if 47% of company is held by top 20 shareholders that's some 47% o 370M shares= 174M shares not traded..so who was dumping or which team of people were pushing it lower??
all directors took u the shares so they supported it....just watching to see when they come back in- grabbed a few at 6.2c/6.3c this am
JUM
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