Decent 1Q FY24 trading update as part of the AGM.
I think the bottom is in, and profits will turn around from the FY24 low base.
Company debt free with $5m in the bank (against a market cap of $76m odd).
Major insider Lez added on market to his already significant holding on the day of the AGM.
On a 5 year view point this stock is a buy at current prices in my opinion. Get ready for a fully franked dividend north of 10% once the industry stabalises. Just need patience.
Ann: Annual Report to shareholders, page-8
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