Breakout, page-2

The market hasn't yet woken up to the change going on in this company. This is now a high growth oriented company working off a solid high cash flow base with no debt. The major shareholder 46% is a US based PE with expansion and growth their stated objective, I think now they are on the board (2 seats) a full takeover will probably not happen, they will financially assist with growth until a big shark takes the lot in 2-4 years time @ 3 or 4 times the current SP.

Their strategy is clearly purchasing high growth young companies with an online focus to pursue high margin growth.

The leverage at their disposal has not been used yet but it undoubtedly will, that includes debt and/or cap raising issues. Capital issues are unlikely to occur until the SP is trading at a much higher PE, higher than the IPO SP. The current SP is priced as a plodding domestic retailer with little growth prospects so there is ample room for a SP run in the next 6-12 months well over a dollar as the growth plan unfolds.