it will be good to see if the new CEO and Chairperson are making a difference
I hope so too, I hope the new Chairman (what is this thing with Chairperson ) and CEO make a difference. Still a couple of old fuddy duddys need to be removed from the board pronto and things may look up.
looking good., big debt reduction..with a modest profit with good prospect..could see the share price jump over 70c
Yes, very happy indeed with that result and effectively an upgraded guidance. I think they're turning the ship around and have achieved a lot in the last six months. Rome wasn't built in a day but I expect good things for FY17 and beyond. Happy to hold for completion of turnaround strategy and earnings growth.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Winner... you being serious? I think its a good result. $2.4m normalised would be about $5m annualised in what is still a difficult environment. That puts them on a PE of 8.2. Looks pretty good to me. Might have to go and find some more $ to buy some more...
Winner... you being serious? I think its a good result. $2.4m normalised would be about $5m annualised in what is still a difficult environment. That puts them on a PE of 8.2. Looks pretty good to me. Might have to go and find some more $ to buy some more...
You're a bright guy and know that turnarounds take time. I think $7m is possible if there's reasonable economic conditions in FY17. Definitely considerable upside potential, not sure about $1 but she's headed north I reckon. I really like the way they've really taken the knife to debt and are in the process of rebuilding a solid balance sheet.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
good effort, inventory levels still look compared to the reduction in revenue? can generate more cash flow and reduce debt more by better inventory management in my opinion
I see theres 400k of shares available for a savvy aquirer at 61c
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