What I find interesting when looking at the accounts is that revenue and profit has INCREASED a great deal but the opex have remained as last years figures. This is why the net profit have increased so much and so is the dividend.
It looks as though the management is refocusing on their original business model by targeting small time explorers and instead is looking at growth in industrial listed companies. BKI investments transferred across this financial year surely is the first step in establishing themselves as moving in the right direction for growth. Profit generating listed companies is where admin fees and communicative work will drive the revenue up. Soul Patt was an incredible coup and will only give credibility to the reputation of the well run and cost controlled company.
cheers
ASW Price at posting:
65.5¢ Sentiment: LT Buy Disclosure: Held
