Looks like you either keep the faith or sell out. They’ve called out a flat Q2 which isn’t great given Q1 was weak but they also had the Indiana news ie that they will be supplying almost 2,000 schools in the state which is pretty huge.
I’m a hold here. The reg delay continues and we’re in a slightly weaker spot with a softer half but the business has low overheads, huge growth potential and improving gross profit margins, which is a great business structure to generate profit, cashflow and dividends in time. For now though, it will just mean the timeline of robust returns here will be pushed out. Until they get approvals this will remain thinly traded and could drift. GLTAH
AEI Price at posting:
35.3¢ Sentiment: None Disclosure: Held
