Looking at the figures in my spreadsheet I also take off the interest as I see this as part of the business expenses.On the quarterly this is $461K for the half year.When I first did a forecast I thought they might make a slight loss I am now thinking it will be more of a small profit before tax.I use the sales figures they have been quoting on the last 2 quarterlys.They do have 196 million shares on issue I get about 4.5c book value and would say comsec is rounding up to 5c.I find throwing the last couple of actual profits into a spreadsheet and then doing a forecast helps to give you an idea.For instance I did this with REF and it came out with a loss so I sold out of REF at the same price I paid.Another one I was looking at was BSI on multiples but they do have high debt.No one was willing to buy these since Oct 11 so I bought a small holding for if needs be the long haul.
QTG Price at posting:
1.4¢ Sentiment: None Disclosure: Held
