The only reason to buy would be that in normal market conditions with the AUD USD exchange rate at below 90c they can make anything between $5m to $8m after tax. On a market cap of around $40m thats a PE of between 5 and 8.
There are risks and if you look at the banter that has been going on you will see some of these issues.
It has over-promised and under delivered and had a shareholder attempt to change the board (failed) the new Chairman I rate etc etc.
I do think its bottomed but I dont personally see it trading up too much until the matter of trust is resolved.
Only hold very small amount to be on register
PSH Price at posting:
40.0¢ Sentiment: None Disclosure: Held