Ive always liked this stock because of its growth in a good sector, coupled with what i remember to be a $10mil loan facility to make acquisitions for growth, not to mention a placement done at a premium of 3 cents ?? when the last trading price was in the low 2's from a corner stone investor.
I think this company has great potential but from what i can remember last year there was always someone trying to hold it back.
Broker data tells an interesting story which kinda proves the theory of why they want to hold this back.
Some more heads and in-depth analysis about this company wouldnt go amiss, ill try my best but im on the road travelling....
This stock should be trading well above 20 mil market cap if they have a positive cash flow of there abouts $4mil per annum which is excluding any R&D grants ( from what ive read )
If the growth is progressive from where it is now
We are looking at what roughly $5mil profit per annum ??
I reckon another thread is worth starting to do some digging. Will be an interesting annual report thats for sure.
TPS Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held