FY 2014 results have been out for sometime and the price still remain stagnant trading around 0.205-0.220. 7 Million shares exchange after the day of announcement, although the price was push down, i am sure Mr market knows more than me. Surely this counter is out of the radar of many investor, it definitely lack analyst coverage on this counter to push its recognition. However bring vested in this gem for nearly a year, I would say that this is no ordinary penguin. Seeing its earning growth through out the years with a strong balance sheet to weather the "stormy" weather am quite confident that FY 2015 penguin will be a great performer but maybe not as great as 2014. I would expect its FCF to increase to 15-20m in 2015.
I am also pleased with the management for finally doubling its dividend ! Great news to long term investor like me, at the current price of 0.210 it is a good time accumulation for many and for me to average up my holdings.
It currently trading with Low PE and decent EPS, i am sure that if you dig in deeper and and understand their business, its definitely a gem. Hopefully there is wider analyst coverage on PENGUIN so that penguin will fly and not swim!