Half year report just been released, Net tangible asset per share increased from 39c to 44c per share in last 6months. So current SP 12c means the MC roughly about one year profit of this company LOL. disappointed that div not paid, otherwise should pay 3c per share for half year, then 6c per year. SP 12c is a big joke rare find undervalued stock. Low risk business and profit keep increasing. Fair value of course 44c, however short term 1bagger to 24c will be good enough for quick cash. This is no doubt.
JJF Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
