A silver lining, page-17

The bet here is that Matrix, which always had a reputation for good products, is now a well managed, financially disciplined company too, with realistic forecasting.

And that therefore the stock is under rated by the market (having been massively over rated by the likes of Roger Montgomery several years ago).

I think that bet is sound. The results speak for themselves on all levels, be it profit, cash flow or balance sheet. The outlook statement is realistic. The presentation material is detailed, rather than just a tendering wish list.