pe2023,
I appreciate your comment and I went through the numbers again and thought a bit more about it again. No matter how I look/think, all I can see is we have a company with current market value of ~ 5.6M with ~1.3M cash in hand. Currently selling products (most notably in China) with increase in cash in the last quarter 0.6 M. similar profit expectation ahead. The current PE of 3 is significantly low compared to similar market PE of ~ 15 (see Fibonarchery’s previous post). Having been through a wide range on companies listed in ASX, I personally believe this the company is good value in terms of current earning, future potential and the area they are working on and hence my WOW.
WRR Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
