Ann: Full Year Statutory Accounts with Appendix 4E, page-3

First 3 Last

Share
Profile

Follow
buc

7,963 Posts.

11

10/09/15

17:37

Post #: 15971413
Share

Originally posted by Art Vanderrs ↑

What a great report. Here are a few observations.

They have delivered a net profit in the second half - that's a stunning turnaround over the last few years.

They have significantly reduced debt - applying all of the rights issue proceeds to reducing debt and achieving substantial other reductions on top of that.

They have increased sales in their ongoing areas of business.

They continue to innovate, eg. they're developing a range of solar powered products - a sensible niche application of renewable energy (a pleasing contrast to the deluge of renewable energy scams that taxpayers are currently footing the bill for).

They're looking to build on the work they've already done to sell their products into overseas markets, and I think it's a great idea to locate Darren in north america for a few months. Any international expansion has its risks, but SRH appear to have thought long and hard about this, and have carefully selected suitable markets. The weak $A currently provides them with a great cost advantage in the US, so their timing is great.

Interesting that they've decided to keep the rental barriers business. This decision increases their exposure to risk, ie. they will continue to carry a fair amount of debt - but on the other hand it increases their growth potential, eg. ironman hybrid. On balance, a thumbs up from me because their debt is now back to more manageable levels and the company has returned to profitability.

All up, SRH is a company that:
* has a clearly articulated long term strategy - and is delivering on that strategy;
* has a range of excellent products, and continues to innovate;
* is actively pursuing growth opportunities (in a careful, considered manner); and
* has a diverse and well-balanced board of directors with considerable skin in the game.

To management: well done, and thank you.

Expand

Agree. The company is off life support and growing again.

The North American market is huge. If they can secure just a small percentage of the market, the end result could be significant to the bottom line.

SRH Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

NWH

NRW Holdings voted Wealth Within's hot stock tip

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

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

There are more pages in this discussion • 1 more message in this thread...

First 3 Last

Add SRH (ASX) to my watchlist

(20min delay)
Last 4.2¢		Change 0.000(0.00%)		Mkt cap ! $1.835M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Ann: Full Year Statutory Accounts with Appendix 4E, page-3

NRW Holdings voted Wealth Within's hot stock tip

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

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

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

Encounter grows confidence in niobium-REE target in WA

Featured News

Featured News

Ann: Full Year Statutory Accounts with Appendix 4E, page-3

Top Stories

NRW Holdings voted Wealth Within's hot stock tip

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

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

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

Encounter grows confidence in niobium-REE target in WA

Featured News

Featured News