A serious question and would appreciate a genuine answer.
The company have implied a FY07 NPAT of $10 million to $14 million. The current market cap is less than $60 million. That puts it on a P/E of 6! I know they are carrying quite a bit of debt but the fact that they are sticking to the same profit guidance this close to reporting makes me wonder, why is this so cheap?
water tanks to the rescue..., page-4
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