A stellar result in a difficult year. Well done Darren, the...

A stellar result in a difficult year. Well done Darren, the board and the rest of the Saferoads team.

Earnings per share of 2.4c for the half year. By any measure, that's a strong performance for a company with a share price of 24.5c.
And the board expects the result for current half year to be good too. Things look to be shaping up for a bumper full year result, and there's no reason to suppose the years to come aren't going to be stronger yet. The foundations are in place.

Saferoads is a small but nimble company, with established products and supply chains, and a strong R&D focus (eg. it's developing Australia's only private sector roadside barrier testing facility). For its size, its tentacles reach far and wide, domestically and internationally.

There's a lot of topside leverage with Saferoads imo. Given its current level of earnings, it already appears to be substantially undervalued. When one factors in its growth potential and outlook, at current prices it looks to me to be an absolute bargain.