My response to whitepau was the last 4 YEARS results were poor...

My response to whitepau was the last 4 YEARS results were poor and I stand by that statement
Here is the figure from the companies Annual Report
Year Revenue NPAT
FY17 110.7M 3.7M (This includes 30.1 M from SCE ) so true growth - 20% down
FY16 119.oM 5.2M (This includes 29.6M from SCE) so true growth - down 14%
FY15 102,3M - 0% Growth 6.9M
FY14 102.1M - 3% Growth 6.7M

So the last 4 years result by any standard is not spectacular

To further showcase its poor performance here's the previous years from the Annual report just in case anyone thinks the last 4 years were exceptional
FY13 105.2M - 1.9% growth 6.7M
FY12 103.2M - 18% growth 9.4M (This includes 10M from MSF,MSP & ESS - so really up 6%
FY11 87.3M - .6% growth 8.0M
FY10 86.8M - down 4.5% 6.6M
FY09 90.7M - up 2.0 % 4.6M

If you go back further it only gets worse

Sorry but if you believe that to be a good result many of us don't and that's why I suspect the institutional investors don't get involved - there are better Small Cap options.
The business requires acquisitions to grow and doesn't appear long term to be able to maintain or add growth to those purchases
Additionally the market has some misconception that the majority of the revenue from the largest business segment comes from involvement in major projects when in fact if you read the detail of the companies reports (especially the earlier ones) it is obvious the real volumes comes from the CABAC division selling on relatively short term contracts to Electrical Wholesalers.

Finally I do not have personal feelings toward nor believe it is a putrid or unethical company - I just believe it to be a poor performing company over a long period - I think most would agree.