Current mid price 7p

Interesting company. Rescued from the brink by shareholder action and now the business seems to be booming but the price is being battered by a few stale sellers.

For a current valuation of £12.4 million the company has just reported a after tax profit of approx £1.4 mil for their interim's alone. Some companies would be happy with that profit and valuation for full year. Full year profits are expected to be in the £3-5 million range.

They have debt but their strong cash generation brought that down by almost £1 mil in 6 months.

Current business is booming but the stock sits on a lowly PER of approx 3. Could be value in these shares at this level thanks to a new seller Greg Bachmann or Karrabin Investments Pty Ltd . The founder is in his 80's and retiring so naturally wants to cash in his chips and enjoy the money so this could represent a buying opportunity.

Starting to get noticed and recover in price.