@miningnut, you could be right about the RV business, but I'm...

@miningnut, you could be right about the RV business, but I'm not sure. I'm going to take a punt on it, feels like a 50-50 to me and if it comes off by HY they would declare a dividend. The fixed costs are killing them, the new guy just needs to get them to shift a few more new revamped imported vans to break even..

They are generating cash, and without impairments and interest payments next year that's $9.5m added to the bottom line.

I think the future for them is Affordable Accommodation personally, but I'm holding it just as a turnaround:
- RV breaks even, MA stabilises and grows a little,
- no Interest payments, no Impairments
- Rev $305m, EBIT $19m, NPAT $13
- Market more positive, re-rated to a PE 14,
... and share price is $3.05, Interim Div 8c

Easy!

Cheers,
pb

DYOR