Just thought I would try and get some discussion going. I'm really bullish on saferoads. I think there is a good chance that it will swing into healthy profits pretty quickly. Interesting to note that the last half was an improvement on the previous half. just to recap 1h10 2.5M profit on 29.6M sales 2h10 -.5M loss on 19.3M sales 1h11 .128M profit on 23.2M sales I don't think many businesses could of still made profit on the revenue fall that saferoads had in 2h10 but as things return to stable they should make good profits. interesting to note that the only capital ever put into the business is $100K. (The rest of the contributed equity on the balance sheet arises from the float, which was a sale and not used in the business). also interesting to note that the cumulative profits for the last 8.5 years is almost $23M. not bad for a current market cap of 7.8M
Any thoughts anyone, positive or negative thoughts would be appreciated
SRH Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held