Ann: Appendix 4E and Annual Financial Report-SRF.AX, page-15

As disappointing as the results are management seem to have a plan forwards focussing on its cash-flow and still remains a fundamentally a good business. I have no doubt they will stabilise and grow going forwards.

Much like the sales emails I receive from surfstitch this seems to be a 50% off sale and will attract the bargain hunters at these levels. Im not saying they will turn it around overnight but it seems like an over-reaction from the market this morning.