Ann: Preliminary Final Report 2013 , page-3

The increase in cash flow between the end of December and end of June is pretty impressive...

31.12.12: Half Year OCF = -500k
30.06.13: Full Yeah OCF = +1100k (+1400k excl cash)

So in last six month business generated 1900k in cash... if that can be annualised then it should be able to justify its 10m mkt cap.

I havent done enough research to account for seasonal trends but if this is representative could be looking at a good purchase.

I dipped my toe in with a small purchase at 5.6

Jacoby looks like an interesting fellow.

More research will need to be done