Hi dct. You say the business has no net debt. From the last financials:
"The Group’s cash position remains strong, with $147.935M in cash and term deposits at 31 December 2012.
"Gross debt at 31 December 2012 totals ... $114.019M in equipment finance borrowings." ___
So, there is some debt. They also have some cash- and more too now with property debt paid off and cash coming in from property sales. When you say "net debt", do you mean debt is less than cash?
WTP Price at posting:
50.0¢ Sentiment: None Disclosure: Not Held