buy 107c for 48.5c !, page-3

You cannot be serious. Profitable? Net Profit to the Jun10 9 Million, that would be their second lowest Net Profit recorded, only beaten by last years 12 Million dollar loss. The company has not achieved a return on equity above 6.3% in the past 5 years, pretty sure i can get rates that good in a bank with none of the risk owning a stock has.

Further more lets break it down. In 2002 with Shareholders Equity of $172 Million managed to achieve a net profit of $22 Million. This year with Shareholders Equity of $299 Million they have achieved a net profit of $9 Million.

I can't see how this stock could be considered a good business when over the past 8 years shareholders have had to invest an extra $127 Million dollars to achieve a decrease in net profit to the tune of $13 Million (60% decrease).

The only real positive here is that this year they have returned to a positive cash flow and Debt has decreased by $40 Million to $67 Million.

Value is loser to 38 cents.