Yes this was a very good result considering what the new management has had to deal with. This is a credit to Ray Malone and his team for turning this business around. Along way to go yet !! IMO Those who get on board now will benefit greatly in the future. It is a pity that the market has not reacted to the positive result Could this be a good buying opportunity ??. Things can surely only get better from here, especially if they win the court case against previous Management
Based on the profit, annualized at say a multiple of 4, I was hoping that the share price would have gone up to around 8-10 cents
AMA Price at posting:
6.4¢ Sentiment: None Disclosure: Held
