Hi guys... the market I think is concentating on the following:
1. Turn around story . $2M+ NPAT plus divy. Look deep into the numbers and you will see that the major contribution to the result was the new battery recycling revenue stream and it was only operating for 6 months (3 months of that at full production ie 12,000 pa) Factor in a full years revenue and you can see the potential increase in revenue and profits in 07/08.
2. Managements Business Plan : management have indicated that following the implementation of their business plan over the next few years that they are targeting to grow revenue (five fold to $60m ) and NPBT to $12- $15m pa .
3. Referring to 2 above the first strategy being implemented is to increase the output of the battery recycling revenue stream by 2 to 3 times ie 24,000- 36,000. Plans have been lodged with the local authorities. A decision is due very shortly. (This could have driven the volume the other day).
cheers
HMC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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