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Ann: Half Yearly Report and Accounts, page-6

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buc

8,028 Posts.

11

15/03/17

19:42

Post #: 23377392
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Originally posted by Art Vanderrs ↑

buc, in my view SRH has delivered another fine half year. Every key measure continues to move in the right direction - sales, profitability, cash flow and debt.

This is despite the setback of losing the licence for the Omni bollard in July - which was 12% of last year's sales (and I'm guessing an even greater % of profits). Without this unforseen event they would surely have achieved a substantial half year profit.

Gearing dropped 2 percentage points to 22%, so they are now quite well placed to withstand a hefty jump in interest rates.

The company is on a sustainable footing. It has an excellent management team with loads of skin in the game. And it is successfully pursuing a large number of growth opportunities. The exceptional turnaround continues unabated. The share price doesn't come close to reflecting this situation imo.

Your thoughts?

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Gday Art Vanderrs

Been with this one for several years now. So to me it feels like two steps forward, one step back.

Directors buying shows confidence, but, judging by the trading of the last couple of days, someone wants out.

Are they going to have to raise capital again?

SRH Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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