Thanks fantazzyd, SYP had a harsh fall from grace since the glory days in 2007,where it had an MC of around $80m. It is now under $3m......In other words a "total wipeout" Obviously there were mistakes commited along the way,in addition to the GFC. There is certainly a glut in timber flooring products,mainly from China. A few factors favour SYP: 1) Their "green" product (not sure if there is a competing product)....if not,it is a distinct advantage. 2) The transportable block factory will give them an edge. 3) Exemption from antidumping law in the US. .... SYP seems to be in a reasonable financial health after the recent rights issue. There are signs that home building is accelerating in the US & with a strengthening USD,should bode well for SYP. If rvenues double to around $12m,we should expect SP of at least 0.005 ( MC $6m),however there a massive overhang from the rights issue that needs to be chewed up (given the minute SP,though,it will be a small bite)
MTM Price at posting:
30.0¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)