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4.1¢ saferoads holdings limited

They haven't turned the business around for the last 15...

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buc

8,028 Posts.

11

03/03/24

11:47

Post #: 72717709
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Originally posted by tessathedog: ↑

Tessa’s tail fell still between her legs when she read of queries as to our ability to continue as a going concern, our currently being at the mercy of the CBA, falling overall revenue (presumably the result of the loss of a key rental hirer), divergent views between directors and the auditors, and various impairments.

Still, she did find some things which caused her tail to wag just a wee bit. Directors citing “strong” business prospects going forward, good growth in Road Safety Rentals across three states, and progress in finalising the “sword of Damocles” hanging over our heads in the form of the WorkSafe fine.

There seems to be several swords poised above Tessa’s tail at the moment, and Tessa sincerely hopes that none of these will fall in such a way as to slice off her tail altogether. Hopefully the business can consolidate and turn around. At least our directors don’t sound like they’re giving up.

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They haven't turned the business around for the last 15 years.
Why is it going to be any different this time?

SRH Price at posting: 8.0¢ Sentiment: Buy Disclosure: Held
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