The FFI asset really hurt the bottom line for last year. That was far worse than I expected. Net-net I expected some recovery, but if you look at the detail 1.22Mill loss is inclusive of the accrued realisation of those assets. As the company commented; they received far less than expected.
Discounting for this, a very impressive result. EPS 'would' have come in at 3.3c. Thats ~25% EPS growth (which is consistent double digit growth over the last few years). The SP will hold up given guidance for FY13 on new products and sales expectations.
CLV Price at posting:
48.0¢ Sentiment: LT Buy Disclosure: Held