value?

Okay, I have purchased a small amount of this stock today. I see its SP is below NTA (20 cents as of June/11) and its prospects should be improving.

Last year was a disaster for the company with flood damage costing it a fair bit. Hopefully this year will be better and it can get itself back into profit.

I'm not overly impressed with its ROE but its currently undervalued (IMO) and could be a winner. 2009/10 financial year it had an EPS of 4.41 cents. If it can match that again, then it would have a current P/E of around 4. This certainly makes the ROE forgivable.

But time will tell.