Was hoping on some kind of guidance, as they have done in prior years and only got this
"Commenting on the result, SDI’s Executive Chairman and Managing Director, Mr. Jeffery Cheetham, said “The increase in sales for the period were satisfactory however I am expecting that the investment in the restructuring of the Company’s off shore operations will start showing stronger positive results in the near future. I am delighted with the results of the market release of SDI’s new Composite product Aura."
Maybe too hard to predict presently with the volatility in currencies, unknown Brazil plant start up date, new products and regional managers etc
Anyhoos I am reasonably happy with that, despite what the market says on low volume. Didn't like the affect of $3m inventory build up to the cash flow, but let's hope that's in anticipation of rising sales demand down the track.
SDI Price at posting:
52.5¢ Sentiment: None Disclosure: Held
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