Hi Morley
Yes, they seem to be doing well in the govt sector.
What I'm cautious of is the control of shareholding and Board in the one family.SO, to what extent do they act in the interests of all shareholders, as opposed to themselves.The independent director could be a mate for all we know.
The other very odd thing is their continued investment in ASX shares. Again..are personal and company investments clearly separated?? I read somewhere that they invest in ASX200 shares only, yet in the 2009 slump the investment loss was 1.55 less 0.29M$..ie a loss of 1.26M or 81%. They are either trading (very badly) which I wouldn't want my business to do given it's a personnel business and not a fund manager, or have a very narrow portfolio of the worst performing stocks in ASX200 to explain that.
WHy don't they distribute those funds to all shareholders instead??
Has a bit of an odour about it to me.
I did take a small position, but wonder whether I should have!
the impossible stock, page-12
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