Yesterday's excellent profit announcements illustrates an...

Yesterday's excellent profit announcements illustrates an interesting comparison with today's announcement by Data#3.

Shares on Issue
AZV 190m
DTL 180m

"Estimated" Annual Profits After Tax (2014) - Projected.
AZV ~$5,000,000 million
DTL ~$2,500,000 million

Share Price
AZV 25 cents
DTL 95 cents (pays a dividend)

There seems to be a disconnect here, of considerable proportions.

A growing expanding company with the same shareholder numbers, making double the "estimated" profits is almost 300 percent cheaper to buy shares of.

I would suggest that one stock is undervalued and another stock is overvalued, they should probably both be about 60c to 70c in a year, if the current forward projections are maintained.

At this rate, AZV might soon be paying dividends.

At the moment, this is the bargain buy of the ASX.

Gw