SRY 0.00% 0.4¢ story-i limited

Hi @JamesRS I quite like SRY and broadly agree with all your...

  1. 1,251 Posts.
    lightbulb Created with Sketch. 19
    Hi @JamesRS

    I quite like SRY and broadly agree with all your points. I don't think this article has been posted yet but is well worth a read

    https://www.fool.com.au/2015/10/05/is-story-i-limited-more-than-just-a-good-story/

    However I'm not sure having powerful suppliers like Apple is such a great thing. Before I would consider buying shares I'd want to see a reversal of that $7.5 million stuck in receivables. If it is representative of general working capital requirements then SRY's growth plans are going to use up a lot of cash and generally I prefer businesses that put money in my pocket rather than take it out.

    I also expect that Apple will open their own stores once the market gets attractive enough but given how cheap SRY is, shareholders can still do very well before that happens.
 
watchlist Created with Sketch. Add SRY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.