Trading at attractive SP and strong institutional buying going on. Tax loss selling is presenting an opportunity here.
The company has a fair bit of debt but with a net operating cash flow of $100m they can easily handle that.
Buy now with a stop loss of about $1.20 and with the company predicting a strong result from 2006 onward you could make a quid.
SP of $3 in 12-18mths on the cards.
I had my first bite at $1.44 and looking to pick up a few more this month.
PBB
pacifica group limited
