Well I've dipped the toe in for a further small parcel today at 4.6c . Could be foolish and chucking more hard earned moolah down the gurgler. But I feel there is a turnaround happening, management seem to be a 'meat and potatoes' like team who are just knuckling down and going about their business (unlike some of the all talk microcap-mining stock CEOs who on the most part deliver only hot air, - and no hot air in the case of Gas microcaps!
I Like:
- Incentivised management (VWAP 12c, EBIT +2.5m & +4m levels)
- Company investigating new product offerings (most recently DualCap)
- Expanded salesforce & systems
- Y.o.Y increase in Human HC Revenue
- Solid top 20 holders, with big names still hanging in there as per last FY top25 holdings report
- Potential for further acquisitions in the product and smaller company space
I Dislike:
- Liquidity of SP
- lack of regular business updates outside of core quarterly reports
- long history of losses (incl the Medivet fiasco)
The HY report showed good signs (Aside of the known the Medivet write down), there seems to be progress at long last! Now, what's needed is atleast one clean quarterly report and I think the company might warrant some further investor interest.
Next official announcement: Mar16 Quarterly due April 29th
DYOR, IMO, GLTA etc...
MLA Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held