20 cents coming up $18m Profit, $3m Tax, $15m NPAT Can anyone...

20 cents coming up

$18m Profit, $3m Tax, $15m NPAT

Can anyone explain this line

"Foreign currency translation differences $9.5m"

Total Comprehensive Income = $5.8m

Is that $9.6m just an accounting thing- as in, the money is still there, but we are turning this into AUD for the Annual report sake? Or have they lost this money in currency transfers?

Just trying to understand this one

My read of the accounts shows this is sitting on about $150m of cash. CASH.

CASH!!!!!!!!!!


$150m of cash

It is trading on a good PE of say 10x if you ignore the currency thing, but the market values there cash at Zero

Laugh at me if you will, but I can see this stock trading as low as 8 cents

I can't see that much upside on this one. I actually think owing to its lack of transparency on operations, and high ownership by owners, this is_comparatively_overpriced

Fortunately, it is so thinly held I can't see holders selling it for any reason. Which has probably saved the share price from going to 10c already