Great analysis, but the SP has significantly risen in early...

Great analysis, but the SP has significantly risen in early trade today, so it has taken away a little of the 'value' thanks to publicity on a sharemarket blog.

However, management don't appear to suffer from hubris, which is another great reason to own a tiny slice of ths company.

I'm grateful that 'family' companies such as this, plus REH/SDF and a large number of others chose to be listed on the ASX rather than stay private as a certain large logistics operator in Australia did, or approach private equity for funding. At the time though, 'PE' may have been less developed.

It's telling that founders of some unlisted companies are happy to be extravagant and almost go out of their way to seek publicity in a chest-beating sense of 'hey look at me!' This is not the way SNL Directors appear to operate, so hats off to the latter.