I participated in a Q&A with CEO David George before a group of around 100 sophisticated investors. I was impressed at how well across the business he has become since the debut at the last AGM, less than a year ago.
Its a pretty good situation on current SP has paid me 3.5% annualised div and 12% annualised SP growth over past 6 months.
If business remains profitable (no debt and high margin) it is hard to find these sort of returns anywhere else that I would redeploy the funds from selling out of this holding which is underwater on what I paid but hey, what matters is what happens in future. The past is the past and the top management is all new, I assume a lot of the key staff are retained by the generous salary packages and the Options I put in bottom drawer are starting to stir too.
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