It seems a ragingly good buy. With a PE of say 10 it should be...

It seems a ragingly good buy. With a PE of say 10 it should be sitting around 60 cents. I would be happy with a 1 - 2 cent dividend and the rest reinvested.

A dividend will be announced within 14 days, so that in effect will, even if it is only 1 cent, be a 5% return. It seems diffiult to see that some publicity will not boost the share price. And it even has a plan for future growth.

ITWire has just called its result Stunning. See article below.

This minnow can only grow from here - its difficulty has been that it is relatively unknown but publicity will change that.

"NetComm triples revenues on back of wireless broadband product sales
by Stuart Corner
Thursday, 20 August 2009
Comms equipment maker NetComm (ASX: NTC) has turned in a stunning result for the year to 30 June 2009 with a tripling of revenues to $78.5m, an almost sixfold increase in EBITDA to $6.2 million and a tenfold increase in pretax profits to $5.3 million.


A higher income tax benefit in FY08 ($1.63m) than in FY09 ($0.595m) boosted after tax profit in FY08 to give the company an after tax profit increase of 175 percent from FY098 to FY09 taking after tax profit to $5.9m. NetComm will start paying dividends again and will provide details shortly.

NetComm said its performance was "a direct result of the company's successful implementation of its strategy to reduce its exposure to rapidly commoditising broadband devices and position itself as a world-leading supplier of 3G wireless broadband technologies."

It claims to have put in place a concerted international marketing push that has seen its wireless broadband products put through 35 trials by carriers around the world. Domestically it claims to have made strong sales to a number of domestic customers, in particular to Telstra. No others were named."