And another director, Robert Lette bought 50000 at 2.56 on 3 March.
With the current years forecast earnings of 34c per share, they would be on a PE of only 6.
With 19.5c dividend over the last year, they yield 9.5% fully franked. ie 13.5 % return when franking credits included.
Someone with some cash left must soon see some value here.
afr article, page-7
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