Is this the first time management have provided us with a potential break-even number? Very interesting. ~450 shopping centres (am I the only one that hates the constant use of "retail malls" in their announcements? Too American for me) to break even. Current pipeline of potential clients already exceeds that number.
And with these sorts of announcements, its always whats buried at the end that is most valuable:
"We are also aggresively promoting our services within new international markets including the United Kingdom, EMEA and North America and expect to be able to announce new partnerships in these key markets in the coming months. ”
Huge. SKF won't have first mover advantage in these markets, but even a 10% market share exceeds the markets they are currently in.
SKF Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
