it's gone very quiet.anyone have any , page-5

Slightly dissapointed with no dividends,though in some cases I'd much prefer that the company uses the profits to grow the business.

Let's not forget that the company is coming out of a very tough trading environment.A product dispute settlement.
A civil contracting company ceasing to trade leaving behind bad depts.

The global financial crises knocked about much bigger and stronger companys.

Yet we still mangaged to show a $2 000 000 profit.A profit is a profit no matter which way you look at it.
$2 000 000 profit is no walk in the park especially for a small cap like srh.
On top of that they managed to pay off $4 100 000 in debt in just 12 mths.


Looking ahead


The Company remains cautiously optimistic for the 2010-11 year. As we advised in our Shareholders
Newsletter in May 2010, the market in which the Company operates continues to be challenging. However, we
believe that whilst growth in the road construction activity may not be as strong as in recent years we are well
positioned to benefit from current and new road infrastructure projects.
Based on the Companys cautious outlook we have put in place a relatively conservative budget which targets a
sales growth of 7.7% in revenue, with a marginally improved profit performance.
We continue with new product development and with obtaining approvals and through this activity we continue
to broaden our product base and to expand our market share in an increasingly competitive market. We have a
full program of research and development planned for the year.
One product range which has moved through the development phase is the moveable Ironman barrier. We
believe that this has general global applications where additional lane closure is required in off-peak traffic
flows. The company is trial marketing the application of the moveable Ironman through its own rental
operations.
The Company has commenced the year on a solid note with sales for the month of July being the highest since
July last year. The order book as at July 2010 was healthy with a good spread across most product portfolios. It
is particularly pleasing to see the level of orders in the system for temporary barriers and civil services.
Whilst the principal focus remains on organic growth, we will continue to be watchful for any suitable strategic
business arrangements which would be consistent with the Companys core business and which would ensure a
reasonable benefit to the Shareholders.
I wish to thank all of the Companys employees production, sales and management for their strong
commitment and dedication during this difficult year.
And thank you, our Shareholders, for your continuing confidence in Saferoads Holdings Limited. This has been
another difficult year for Shareholders and we are working hard to return the Company to a position of steady,
sustainable growth, with reliable dividends and a restoration in shareholder value.
Darren Hotchkin