Ok, I got it listed @14c on 25 June 2007 in my watchlist which is wrong. The technicals paint a different picture. It did however move from a close of 16c on 2010/05/10 to it's current level 85c on the back of very good results.
Don't see how they are going to be able to pay dividends. At a glance that looks like a rubbish cash flow situation. 80% of their fixed assets made up of debtors with D/E ratio of 1.16? They strike me as being completely debt ridden. But that is just a cursory glance - not an informed opinion.
Why would they have an AGM and decide on the following if they weren't planning on following through? Change in Dividend Policy At the annual general meeting it was announced that the board of directors has approved a new dividend policy to be implemented for the financial year ended February 2013. The policy will entail an annual dividend based on a 10 times dividend cover.