ANO is one for those who are after a cheap growth stock imo.
Quick snap shot.
$9 mill market cap
$1.2m cash
Increased cash reserves by over $600k in first 2 months of FY2015
See below why.....
What a great result for shareholders. Profitable FY14 even after all the disruptions with the old North American distributors.
Now we have new North American Distributors and a new Merck agreement for more product at improved rates.
In the first 2 months of FY15 ANO has increased cash reserves by over $600k which is a reflection of the above changes.
Like i have stated previously im expecting at least $2m NPAT for FY15 which looks very likely after seeing the full years reoprt.
Putting a very conservative PE of just 10 on ANO which for a growth stock should be more like 20-30 we still get a market cap of $20m or about 4 cents per share.
The big growth oppertunities and billiob dollar industry that ANO is targeting should see ANO be put on a PE of around 20 quite easily imo giveing it a maket cap closer to $40-$50 million or between 8-10 cents per share which i think is extreamly possible in the not so distant future.
All in my opinion but the numbers are looking very promising.
