Jason marine is in the business of
1)sale of marine communication , navigation & automation systems
2) maintainance & support services
3) provision of airtime systems
Nav per share has rose from 22.1cts in 2011 to 26.8cts in 2014.
Net cash per share has rose from 6.8cts in 2011 to 21.6cts in 2014. ( pretty impressive )
At a share price of 22.5cts on 26th dec, we are effectively buying the whole of Jason marine for a mere 0.9cts.
Net profit after tax is $1.2m in 2011 and $2.8m in 2014.
That's a 133% increase in 4 yrs or 33.3% per year.
I believe this is a bargain for 2015.
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