The report seems a bit lean but they are still moving forwards with increased group revenue. There are a few good contract wins and a few that they haven't reported on since they were after June 30. The share price drop to less than 50% of what it was 6 months ago is a bit of an over reaction IMO so I think it still represents value as a long term holder.
Perhaps I'm an optimist, but the language in the last reports has all been about positioning themselves for the future by
- hiring the right board members senior management
- making the right acquisitions
- and creating inroads in the the markets so that they are positioned for growth.
This positioning seems to have been completed this quarter, so hopefully BID is a case of ...
- Forming (acquisition)
- Storming (This quarter)
- Norming (This quarter)
- Performing (next Quarter)
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- Ann: Quarterly Activities Report
Ann: Quarterly Activities Report, page-5
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