At least we have audited accounts now to review. A step forward. A disappointing year but not fatal by a long way.
I remain optimistic. Alltype is a good business, $6.7M net profit and has been growing. Worth at least 25c a share at a cheap multiple.
SIMPEC is valueless today and a burden. If they can turn it around they will do well but still a risk that they have to address.
Ann: Annual Report to shareholders, page-13
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