A pretty good day, with a great close, but I'm a bit surprised it didn't head up above 4 cents. Probably a liquidity issue, as well as just not being on the radar.
After cursory read of the report some people might see the revenue decrease and think it wasn't great. This misses the fact that they're transitioning to a leaner business with higher margins, and the report shows that it's going amazingly well. They had an EBITDA of 13.8 million for the year after $3 million in losses from the sale if excess equipment. And now they have NO debt at all, heaps of cash, and net assets of $18 million. Those figures suggest a fair value of 5 cps ir more in my opinion.
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A pretty good day, with a great close, but I'm a bit surprised...
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