Well for a million bucks a year Melhuish should be doing a damn good job. I haven't seen him stump up any money for shares though - just taking the wage.
Jeremy Phillips pretty much saved them from being a distant memory. Mathew Melhuish seems to be trying to manage and expand on what is left.
Hard to see them going up from here unless they can get the margins to industry standard. If so, they may see $1.50. If not, it's back to 50c. I think they are about right in the 80's.
Ann: FY14 Results Announcement and Presentation, page-14
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