only upside from here

Interesting to see SRH really finding some strong support here with no sellers around and only buyers even after a poor profit result . Notwithstanding their numbers werent amazing and industry sales have dropped significantly - I think people are starting to realise that trading below book, with a strong balance sheet and at only 4-5 times earnings - there is a bit of a cushion when demand for their products improve.
Can't worry too much about the industry issues when it trades at such a high earnings yield.