I picked up 50K of these for a dollar a week ago.
The lower dollar will add at least 10% to the bottom line alone going forward. Not many companies on the ASX have 95% of revenues in $US.
I'm expecting a 20% increase in profit for FY14 and will now become a potential take over target for a big US IT/software company or private equity with the lower $A.
Why buy blue chips when you can pile into something like this.
good strong result
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Last
52.0¢ |
Change
-0.005(0.95%) |
Mkt cap ! $104.7M | |||
| Open | High | Low | Value | Volume |
| 51.5¢ | 53.0¢ | 51.5¢ | $26.14K | 50.55K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 20017 | 52.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 53.0¢ | 31257 | 2 |
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| Last trade - 13.14pm 29/11/2024 (20 minute delay) ? |
| IRI (ASX) Chart |
