undervalued and easy money

Why?
New CEO and CFO - large restructuring and tightening of the belt, clearing of the books by new CEO.
New CEO and CFO will not be seen to have a week first year they will do all they can to ensure an excellent result.

Last year they still managed to increase revenues in recession.

Putting aside write downs last year and restructuring cost and including projected cost savings ($300 000) this years revenue shold be in the 2.7 mill region (moderate 10% revenue growth).

That should see NPAT at $1,943,000.

Thats around 1.48 cps consider a pe of 8-10 (Depressed market)
that will translate to a share price by year end at 11.8c - 14.8c
Very tidy gains from current prices.

All IMHO and very quick calcs and projections.
What will really be the clincher is the CEO and CFO's ability to mitigate/control currency losses - hopefully this new team will have some sort of currency hedge plan in place.

Thats my punt lets see how the year plays out - good luck to those who are in.