SRH 0.00% 4.2¢ saferoads holdings limited

Ann: Half Yearly Report and Accounts, page-7

  1. 967 Posts.
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    Buc, I can't see any need for (or likelihood of) a capital raise. Last year SRH generated over $1m in operating cash flows - using half of it to pay off debt. They're in good shape.

    Management has cut annual finance costs to $210,000. To put that into perspective, they're spending more than twice that amount on R&D. A $4 million company that invested $500,000 in R&D last year - and still generated over $1m in cash flow. Wow.

    SRH has a lean, mean and diverse management team. They're forward looking, innovative, disciplined and ambitious. I can't fault a single decision they've made over the last few years.

    There's a very good chance imo that SRH will generate a net profit this year. We'll find out in August.

    The chart looks great to me - SRH could climb over 20c in the blink of an eye.
 
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