No question, a better than good annual result. Most of the previous concerns addressed, for example debt levels, while the problems with Track performance are said to have moderated.
Great. CM8s future looks quite rosy.
I wonder if board and management can get this baby really humming, finely tuned and extracting increasing value all along the chain.
Company metrics will surely glow and the SP will benefit as a result.
Then after some time, a year or two or less, were the entrepreneurs to actively reach out for growth opportunities or some sort of corporate activity, they would have a well resourced base from which to work.
This process doesn't have to last a decade, or even three or four years. It has to last long enough to really get the baby humming instead of battling self-inflicted headwinds and constraints on business by trying to go too far too fast.
The first quarterly report for 2017-18 due by the end of October might give some sort of inkling whether we're sailing with steady trade winds behind us and covering a decent passage, or battling headwinds.
CM8 Price at posting:
18.5¢ Sentiment: Hold Disclosure: Held