I had PSY in the bottom drawer for some time. Just catching up on some detail. Re-read today's ann, plus good comments from other posters today. Overall very exciting. Doubled my #of shares held this morning, now averaging 14c which should be easily reached in the next few months I would expect. Happy!
Just one question (I'm not a numbers man). From the ann "Hydrix’s average trading results (unaudited) over the last 4 years were $13.5 million p.a. in revenue and $1.5 million EBIT p.a"
Does that imply that Hydrix revenue is at a relatively low margin, anyone?
If so, I would have expected a specialty business like Hydrix (and PSY) to operate at a relatively high margin.
PSY Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
