I disagree, no one said which way it will be running ... its run really well from 150m to 5m mc .
Do fill the pain for all holders though, just recently came across this company and about to finish my DD. Whilst deals like Unilever and Nestle exit me their inability to meet goals or have a positive gross profit after 5 years of operations means that I'll probably have to give this one a miss. Also statements such as the one below after 5 years of operations really don't help with the confidence:
"Factory utilisation in the quarter underperformed due to RMS supply issues and unforeseen breakdowns which has been
disappointing. This is an area of focus for the factory manager Pak Idwansyah and he is working with the team in Indonesia to bed down a rigorous preventative maintenance programme, which includes planned stops during the normal production days to clear materials, weekly check of wear and tear, weekly checking and changing of shredders knives and increased stocking of essentials spare parts."
..huh? haven't u been doing the same thing over and over for the last 5 years? You're only doing these things now? is this your first time running a manufacturing business, all of those things should have been in place from day 1...
Real shame though, I do like what they're doing, hopefully they get their shite together sometime soon because the hippy in me wants to jump on board. Certainly will be keenly watching this one, there's still some hope for this company, just needs the right captain and to sort out their bloody raw material supply.
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I disagree, no one said which way it will be running ... its run...
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