Great analysis Tessa and frankly I don't think many of us saw the rapid impact on the bottom line that the rental business has had - and continues to have. I certainly didn't.
But it just bears out my point about how nimble and flexible Saferoads is - and, in particular, how quick they are to spot, seize and build on an opportunity.
In that regard, I note they haven't just quickly moved to expand the rental business into NSW. Around this time last year, they added a NSW-based director to the board, Hayden Wallace. That's far-sighted management imho, for multiple reasons.
SRH Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
(20min delay)