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.

Option only in the money if price hits 15p is great incentive.

Sooner or later this has to trade in double figures.

Starting to get noticed and recover in price.