Ann: Change in substantial holding from AEF,AEF-SHM.AX, page-6

Indeed, if we can hit $1 and sustain it for a a while I will be more than happy.

SHM is an interesting stock, not being listed for long - thus no listed history - keeps it out of range of some fundies, its liquidity stops it being picked up by others.

Whilst it is exposed to the discretionary retail spend, it still has huge potential imo on the basis that there isn't a massive worldwide or Australian recession.

When people aren't doing as well off - but aren't broke - they don't go on holidays as much, they don't buy new houses, cars or boats.. but people are spenders and still fork out for luxuries, home improvements, barbeque's etc. Being the middle man means SHM are less exposed to rent, staffing, etc like a retailer is and whilst there is some threat from online sales - local online retailers will still potentially source through Shriro.

As long as the sales continue and margin look health this has the potential to be a fully franked dividend play.. with some potential capital upside as well. Even without too much capital growth, the yield should support the price to some extent. Baring any silly comments about employee selldowns etc.