clear heads will prevail, page-7

Management of this one are really trying my patience. This should be undervalued unless management is outright lying about the security of their contracts.
The change in the pricing of the options was to me a huge positive as previously management would have had a massive upside windfall with a minimal increase in the share price. At 4+m for the new terms, they might have realised that the previous terms would have meant that the options expense would have been much much higher and they would have missed their NPAT target by a huge amount. If that was the case its an indictment on Dykes and cancels out for me the positive.
The on market purchase made me top up on this stock but the quality of the information provided in their prelim annual report and especially their results presentation was a joke.
Given they were supposed to be having an investor presentation soon you would expect them to have something a little better. 2 slides with a the summary of the annual report, some pretty pictures and fluff slide saying how good their outlook.
We then get a project outline update we some insane figures quoted and judging from their statement it seems they included projects where people have just asked them for more information about their product. There is no way they will win all the projects and just seems like management trying to ramp the stock.
The only pertinent fact for me was three projects are awaiting approval in 12 pages.
The information they have presented frankly makes me trust the management less than if they had put out nothing.
Seriously I want to believe the nexbis story and have a large position in it for me and my exit point is many multiples of the current sp but its getting a bit ridiculous when we get to find out today that Dykes is some bogan tool who likes to assault cabbies.