profit upgrade, page-64

$50M market Cap.
Income statement:eps up by 138%, they hit the lower end of their guidance, revenues up 41% ( which is a hefty acceleration), net profit margin has increased from about 6% to 13%, didn't have to pay much in tax this half.

Balance sheet: ROE is about 25%, receivables increased about $1M more than payables, $2.9M cash on the balance sheet, borrowings are mainly short term and down to $1.3M much less than cash on hand, equity is up about 20%, strong balance sheet.

Cash Flow: cash receipts are up about 40%, operating cash flow came positive this half being $1.7M, Cash flows from investing have been low meaning decent free cash flow.

What a great set of numbers possibly trading on forward earnings of 20 maybe forward cash earnings of 18 but it's worth it I'd say.

Interesting to see PIE getting out they've had a good run might be just rebalancing their position. Plenty of buying power taking up the slack for now. Up about 400%+ in the last year is it too high? I think it's got a bit more to go.