Elektron profits power ahead as cash builds rapidly !

Ron,

The market average is more like a pe of 15 however, if you consider EKT has a strong balance sheet ie no net debt, no goodwill, no intangibles and no pension deficits, moreover cash rising a pe ratio of 15 alone is modest.

There are various ways of doing the mathemaics ie stripping out cash from the market cap then doing the divisions and what is left places the co on a derisory multiple.

All good things turn out right in the end patience is needed.

The sp is quite strong at the moment and i think will gather pace in 2006.