Mmmm. Not really much to see, I was hoping for something more...

Mmmm. Not really much to see, I was hoping for something more than this. Q on Q sideways movement. Foundations are being laid (the link into Twiggy's Minderoo mob is a good one) and the US are taking orders again.

At the fundamental level, eliminating plastics and providing alternates is a noble cause and needs to be done, not just in first world countries where there is an acknowledgment of the detrimental impacts and change underway, but also in other places where plastics are still the primary bagging method. Thing is whether SES can do it in a way that budges the revenue dial such the SH benefit. I note their comment on margin improvement. At least cash is not being burnt and no CR necessary. Perhaps our day will come.

Question/comments: I note that approx. 80% of the SES shares are tied up in only 4 major shareholders, and one of them bought even more recently, Belgravia Strategic equities now increased to about 11%.
With 600m shares outstanding that only leaves 120m shares for trade. Do you think this is a positive thing? If the majority shareholders sold their shares, we could face a massive slump in SP and are exposed to back room moves. Alternately it leaves a smaller pool of us to impact SP, any good news could see rapid increases.

I remain bullish on this company - although would love more news updates than we see.
I am 70% under on a sizeable sum and fingers crossed this will improve over the next 12-24 months, no rush, however to quote Warren, rule #1: Never lose money. I am averaging down over time on this one and the essence of the company assures me that this will be rewarded in due course.
GLTASH