As much as i am annoyed with management and their excuses to the delays and dodging of questions which for the shareholders should be answered. Down at these prices for the SP it looks a decent buy. I have held off buying for a long time thankfully as i do have a very large parcel but all of the delays to projects should mean the next few quarters should see decent cash receipts to hopefully see some buying action.
Management only have to continue their trajectory of SPS and land some sales in USA/Aus etc to get people talking whilst a few more larger contracts would be nice.
I still want to see costs cut a lot more however to make me believe sustained EBITDA+ is doable though.
FLC Price at posting:
37.0¢ Sentiment: Hold Disclosure: Held
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