The benefits of the acquisitions are starting to show up big time. Turnover for June quarter was $6.44 million up from $2.34 million in March. And the latest acquisitions were not on the books for the whole quarter. Operating cash surplus was an impressive $1.05 million. And have a look at the ratio of staff costs:turnover, 61.9% in the latest quarter down from 83.7% in March and 88.2% in December.
PHG is only capped at $10 million! The P/E appears to be about only 2.5:1 . Its due for a re-rating any day. Next target.... $0.32
superb quarterly cash flow report
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