CBA average price paid 12.5 (adjusted for stockspl CBA average price paid 12.5 (adjusted for stocksplits) Net asset backing 16.97c---foreast estimate second half 12.3 mill net profit---last half was 6.08 mill.
Company is restructing---takeover of Clarity is complete.
CLA forecast to be cash flow pos by June 2002 (last company announcements>>>state they are well progressed towards that>>>CLA are active in India (re Pakistan)--MD states he wants a changed business model---going from businesses that have margins of 5 to 7% to 35% margins with reduced revenue>>>but greater profits.
Chairman is Nevill Wran----ex premier of NSW.
In a bearish sector--software.
Cheers,--BK.
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