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31/05/21
05:53
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Originally posted by Peoples Champion:
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Was pleased to pick up more shares circa 4c this week - IMO this is one of the biggest free kicks on the ASX at the moment. We have a company that produced over $3.5m in positive operating cashflow over the last 12 months, trading at a $1.6m discount to its bank balance of $10.3m. You can then add in the debt free balance sheet, only 218m shares with top 20 holding 64%, $8m USD in off balance sheet tax credits/losses and the major corporate shareholders continuing to increase their holdings (one of which had previously tried to buy the company at 9c/share). I see very little downside from here (not even currently trading at a shell valuation), and plenty of upside from either corporate transactions or the continued growth in the operating business.
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Another profitable quarter coming up I reckon with Easter in April and the Blast from the Past campaign kicking off recently:https://www.prnewswire.com/news-releases/surprise-inside-confectionery-brand-launches-blast-from-the-past-throwback-campaign-301300762.html