They rely on importing their products for distribution and the A$ has fallen since their last report, and is looking to fall further. Their last report is pretty unconvincing, vague on details and make general claims about cutting costs and growing the business, as if it is all quite simple. Their significant market is the mining industry which is in a slump, and commodity prices are if anything, looking like falling more. The company might make a thumping profit next year, but I can't see the signs so far that it will not be another big loss and write off. Mind you, every figure could be in the red but the directors and top executive payment will still be green.
CYG Price at posting:
$1.20 Sentiment: None Disclosure: Not Held
