After having a quick skim through recent announcements, this company has the potential to be huge.
$10m net profit this year
$48m forecast net profit for 09
current market cap at around 8c is $125m if my sums are correct.
They will be doing a cap raising or getting debt facility for $20m before September.
It was trading below 4c a couple of weeks ago so could be some profit taking going on.
Anybody else got any thoughts on this company?
ETC
entertainment media & telecoms corporation limited
