Spot on. There was a time when the market cap fell below 200 million, we were sitting on 100 million in cash, no debt whatsoever, and still making around 30 million a year. It just didn’t add up, it was clearly mispriced, reflecting fears of naysayers which never materialised. Well done on spotting that, and backing up your own analysis by buying!
I think what everyone missed was the high quality of SRV’s service offering, which differentiates it from the cheaper “no frills” offerings in the market.
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