Thanks very helpful, in terms of currency tailwinds meant more in terms of north american sales, ausd usd rates have been a 70-80 cent trading range for 2 years and is currently at the high end of the band but this is still far below parity and they are still not getting any traction in terms of increased revenue in that territory.
Good to see that amalgalm is no longer the largest sector but it is still a significant contributor to the bottom line. Seems a bit like telstra and the disappearance of the fixed line revenue. SDI just need some sweetheart NBN equivalent deal. South America could be the rabbit out of the hat if the local distribution alters supply dynamics.
technically the 70cent support held up a lot better than i expected but has now been breached i'd watch to see if pie funds offloads the rest of their holding as the free float for SDI isn't that big and they seem to dump stock aggressively at times relative to the market cap and liquidity of shares they hold, 50-60cent mark looks pretty solid to me and I'd expect it to bounce around that range until the next half or trading update gives the market further direction.
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