I really see this as one of the hidden gems on the ASX.
Whereas a couple of years ago they had a strategy, they also had a really bad balance sheet IMO.
Come today they are healthily profitable, cash flow even better, excellent balance sheet, and what seems to be a supportive and strategic major shareholder that could add corporate excitement at some point.
Unless the business moves into reverse this looks like the perfect combination of value and growth.
MJS
SEQ Price at posting:
33.0¢ Sentiment: None Disclosure: Held
