I have been a long term holder and have watched shares slide from above 70c to where they are now. buying them along the way down. My initial reason to buy shares in this company was it seemed a no brainer cma demolishes industrial sites and onsells the scrap.what is disappoining is how there demolition division always seem to be losing money they are pulling things apart, not building them. I know they are moving away from demolition and more into srap metal . I hope when they won all those major scrap metal contracts a while ago with the likes of holden they didnt lock in a fixed price for metal and are now losing money everytime they pick it up at current prices.Im just guessing but you dont know.
CMV Price at posting:
9.7¢ Sentiment: Hold Disclosure: Held