obviously the auto downturn has hurt them, but is a 25cps to 4.6cps downturn over the past 12 months warranted?
you are quite correct when you state that their product can be used on virtually anything - not just cars. a good insight into what they are working on came from the chairman/ceo's addresses from the AGM in november. im satisfied that these guys are on the ball. they reported their first NET profit last year on pretty handy revenues of $14 million odd.
i cant find a better valued small cap spec at present, she is priced right down amongst the real dogs and i dont think she is one. hope im right.
DDT Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
