Hi all.I've picked up some so now I'm a small (very small)...

Hi all.

I've picked up some so now I'm a small (very small) holder at least! I will also continue to accumulate on down days and if I hold any spare cash on hand. I see this as a nice possibility for future years.

According to figures from Etrade/Comsec, the book value is 12 cents, and with them expecting to make 1.2 and 1.4 for 2012 and 2013, at today's SP close of 8 cents, that puts its expected p/e of just under 7 and falling to under 6 in 2013.

The growth in profits is expected to be negative this year but will pick up again, with gains of 0.2 over 1.2 (which is just under 17%). Can I make that by keep my money in a bank?

In fact, that beats most banks' expected growth in returns (or is close to it).

Anyway, good luck holders.

:-)