I get more from the preliminary reports than I do from the annual report or the AGM though I must concede I am better at dealing with figures than people.
This year's report should be an interesting one in that we will be looking for signs that Formworks is behind them or substantially so, whether or not they are going to come good with the dividend they hinted at and of course the forecast for the new year. It is all in a bit of a transition period but hopefully the bottom line on profits for the near future will be the result for the last six months and if that is the case then the shares are cheap.
I thought the 56c mark for the shares was going to be tested when someone took the seller out today but I see he came back with another 50,000 shares. Certainly that is the resistance line for the time being.
GPASAS
STS Price at posting:
53.0¢ Sentiment: Buy Disclosure: Held
