SRH 0.00% 4.1¢ saferoads holdings limited

hey stayer - the market seems unimpressed, that's for sure! They...

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  1. 619 Posts.
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    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.
 
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