BUG 0.00% 16.5¢ buderim group limited

Ann: Chairman's Address to Shareholders 2015, page-3

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  1. 4,636 Posts.
    lightbulb Created with Sketch. 88
    Interesting share price action of late. Someone obviously wants in and with such a tightly held stock, this is what happens.

    BUG showed up on some of my scans a little while back for profitable - or about to turn profitable microcaps under $30 million market cap. Nice little company, exciting prospects and exposed to a lot of good areas.

    They turned profitable recently if I recall and looks like it will grow further.

    The thing that turned me off a few months ago was their debt, whilst they have $4 million in cash - they have $21 million in debt. They are starting to pay it down, so if they can keep growing sales/profit and pay that off, BUG could be a pleasant little performer I think.

    Will keep watching with interest and at some point might even place a sneaky low order.. in case someone gets impatient and starts dumping!
    Last edited by webbj: 27/01/16
 
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Currently unlisted public company.

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