now bcl - betcorp

  1. 7,409 Posts.

    This stock's shareprice has taken a bit of a battering in last few days, now 47c.

    Seems unjustified considering they turned a 2mill loss the previous year into a 8mill profit (pre-tax) this year. Acquisitions have helped the bottom line (and since 1 was purchased in Jan, the full effect of revenue from this is not apparent in current fin year). With $20mill cash in the bank, further acquisitions are possible and likely. Management appear to have a focused strategy in place for further growth.

    Does anyone have any opinions on this, any information I might like to know which would explain why it is only trading at 47c.

