hey stayer - the market seems unimpressed, that's for sure!
They probably need to deliver a profit for people to take notice. Could take a while, given the nature of their business and customer base. And the weather, as you say.
I'm prepared to be patient. I don't see much danger of them going bust any time soon. They've stabilised the business (impressively imo) - slashed the debt, stemmed the cash flow bleeding from operations.
I'd love an announcement that they've managed to offload their existing rental barrier assets, hopefully for a decent fraction of their book value (50%+ would be great!). That would just about complete their transition to the ironman hybrid and their other good products.
We can't expect significant profits from their new international liaisons instantly - these things usually take a while to develop.
It'd be nice to see directors mopping up the small sales at current levels. I've been doing my bit - picked up a few more lately.
SRH Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held