what's driving the price, page-10

The stock had a good write up in an article by David Potts in Sydney Morning Herald.

http://www.smh.com.au/money/stock-up-on-bargains-20111126-1nzsd.html
Bellow is the bit on BSA:

So here are 10 stocks trading at a $1 or less analysts say are discounted too far, starting with the cheapest:

1. BSA

Price: 18.5 cents

BSA installs heating, ventilation, airconditioning and fire alarms in offices and factories. It also has a division, oddly named Triple M, that hires out technicians to telcos, broadcasters and utilities, plus it owns Mr Antenna and Mr Alarms.

''It's a nice steady business and pays a 10 per cent franked dividend,'' the chief investment officer of Clime Investment Management, John Abernethy, says.

Because the price is so low, the 2¢ a share dividend produces a yield of 15 per cent after taking the tax-free 30 per cent franking credit into account. It also paid an extra 1¢ special dividend in 2010-11.

The company has just extended its deal with Foxtel, installing and servicing satellite connections for another four years. It reported a net profit of $8.6 million in 2010-11, up 7 per cent.

Read more: http://www.smh.com.au/money/stock-up-on-bargains-20111126-1nzsd.html#ixzz1kMAb5IyZ


So even with SP at 25c, the dividend (if maintained) is still 8% or 11.3% if one gets a refund of franking credits as many SMSF in pension stage do.
That is an attractive return in times of falling interest rates and so, IMO, quite a few new investors in BSA are like me, trustees and members of self-managed super funds.