Ann: Preliminary Final Report, page-2

Respectable result given the circumstances. It's not going to shoot the lights out, but could have been a lot worse.

Pre-tax profit of about $200k on 3.7m market cap gives a pretax earnings yield of ~5.4%. Not bad for bottom cycle earnings. $2m cash at bank, no debt means >50% market cap is backed by net cash.

Feeling comfortable with this one. Human nature won't change - there'll always be troublemakers in a society - hence there will always be a need for security guards. Easy hold for me, despite the falling share price and economic troubles.