Ann: Half Yearly Report and Accounts, page-21

My calculations are Cash on Hand + Inventory + Receivables - payables works out at 22 cents a share, with a share price of 20.5 cents.

The dividend for the half has been increased to 1 cent and hopefully this will mean from here on it will be 2 cents per year from now on. If so this would mean a grossed up dividend of 14% per annum!

Even if you only held the stock for 45 days it would mean a grossed up dividend of 7%, assuming no capital loss on the shares.

Sounds like a good bet to me.