Australia's largest stock trading and investment forum Australia's #1 stock forum

SRH

Click for more information

0.00%

4.2¢ saferoads holdings limited

Ann: Appendix 4E and Financial Report, page-4

First 4 Last

Share
Profile

Follow
buc

7,964 Posts.

11

28/08/14

09:55

Post #: 13885434
Share

Originally posted by Art Vanderrs ↑

A good report in my opinion, and a pleasure to read. The return to underlying profitability in the last quarter is a highlight, but I think there's quite a lot to like.

The renewed focus on innovation is good to see - they spent nearly $300 000 on product development (compared to just $12 898 in the previous year) - and they've got runs on the board with the ironman hybrid.

They're looking at export opportunities - also good to see, and I suspect the chairman will make sure this is done in a measured and careful way.

All up, the vibe I'm picking up is one of a company that has acknowledged past mistakes, has decided to return to its core strengths, is carefully identifying opportunities and is steadily but confidently implementing its strategy.

The balance sheet continues to strengthen, albeit from a low base. And I think they've got a good management team with a broad range of complementary skills.

A good turnaround story it seems to me.

Expand

I share your sentiment

SRH Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

RIO

Rio records 14% profit growth in first half, copper production to hit 2% rise for the year

ENR

Encounter grows confidence in niobium-REE target in WA

ORD

Ordell Minerals kicks off maiden drill run at Barimaia in Murchison, WA

WAF

West African Resources hits fresh gold in grade control rilling at Kiaka; mining start set for Q1 2025

OCN

Oceana Lithium's top dog tenders resignation as lithium sector remains in strife

First 4 Last

Add SRH (ASX) to my watchlist

SPONSORED BY