CAF looks cheapLeading on from my last post......Latest Internal management figures show the Nett profit of CAF for the last 9-month end 31 July 2010 of $879,049 and 3-month end 31 July 2010 of $285,207. Can assume a year end NP for CAF of over $1million. Using a 5-times multiple to valuate the company and assuming year end NP of $1million, values CAF as $5million...this equates to a SP of just over
.10. Current SP is around
.04. Am going to look into the audited financials when published.