I don't subscribe to that theory. Yes its "overlooked" by brokers, but so are all micro caps.
At 50c it would be on a market cap of $85M. Last years net profit was approx $4-4.5m and this years will be around that, probably slightly higher. It needs more runs on the board to be valued at $85m, especially in this kind of market.
Let's just focus on increasing sales and profits and the share price will take care of itself.
Ann: Investor Presentation - June 2012 , page-7
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Last
49.0¢ |
Change
-0.005(1.01%) |
Mkt cap ! $60.11M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.5¢ | 49.0¢ | $8.983K | 18.23K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 32789 | 49.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 44797 | 1 |
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| CLV (ASX) Chart |
