The increase in cash flow between the end of December and end of...

The increase in cash flow between the end of December and end of June is pretty impressive...

31.12.12: Half Year OCF = -500k
30.06.13: Full Yeah OCF = +1100k (+1400k excl cash)

So in last six month business generated 1900k in cash... if that can be annualised then it should be able to justify its 10m mkt cap.

I havent done enough research to account for seasonal trends but if this is representative could be looking at a good purchase.

I dipped my toe in with a small purchase at 5.6

Jacoby looks like an interesting fellow.

More research will need to be done