value

Howdy. The market's closed (or rather not working) so I might as well post on this little share.

I bought a small parcel of FSA when it was over 40 cents a year or so ago. I even purchased some of the shares at 38 cents in the capital raising. Yes, I was foolish.

But now, I've been buying into them all the way down to 23 cents and I buy more every time I have a spare nickel or two. I am now wise! (Okay, at least wiser than before.)

FSA must be one of the best kept secrets out there.

2011 ROE - 17.4%
2011 EPS - 6.51
2011 Maiden div - 1 cent (3.8%)
Book value: 37 cents.
(Values from Comsec.)


2012 - expected eps: Around 6-9 cents???

Use a p/e of 10 (to show fair value) and the SP should be around 65.1 - 90 cents.

Now if I bought my original shares again, then I would be buying a company undervalued, and that's the trick to this game.

Any comments?