Ann: Finbar Reports $21m Operating Profit and $8m NPAT in FY16-FRI.AX, page-12

Good analysis - I didn't even notice the preliminary report and appendix 4E announcement - god knows why i only notice dthe 2 page profit announcement ... will need to get stuck into it (i was wondering where you got all your numbers from when i first read it a few days back). Will get back once i've had a good read so I can understand your analysis better.

I like the idea of your average down into 0.84. I am getting more comfortable to plugging more shares in too. The goal would be a good 10,000+ shares similar to yourself. Assuming dividends return to their former glory it would be a good/easy way to start to setup a good income stream of circa $1k a year (10,000 shares), and bump this up to $5,000 eventually. Bar no material change in management's abilities to profit and turn over projects in the future it would then be a passive hold if buying towards the bottom of the cycle (which I think will come soon as the market will be looking forward already and already anticipating the coming oversupply - maybe some room for slight worsening due to the economy and jittery fingers, but doubt anyone could ever expect this to dip below say 60 cents reasonably)