Penguin International

[dydx]

After doing a detailed review of the FY13 AR last evening, and just based on the latest FY13's EPS of $0.0249 - which in all likelihood is going to trend even higher in the next 2 FYs - and 31Dec13's NAV/share of $0.168, it does look like there is ample room for Mr Market to do his usual tricks to price the Penguin share higher over time towards its justified fair market value in line with its intrinsic value and the future growth potential and profits of this well organised business.