I think it was an excellent result given the state of the MIS market to achieve the MIS sales they did!
I think we should all acknowledge the foresight that TFS management had prior to 30 June 2009 to look at diversifying away from the MIS model. As Lord pointed out - if this had not been done TFS would be in a bad place.
782 hectares from Non-MIS with cash-up front - that means the company will be debt free and have lots of funds available to grow the business.
And Alimak - for positive spin - sales are up on 2009 by 6% that it pretty good if you ask me. Year on year consistently growing its revenue line and profits.
Well done TFS you little beauty.
Cheers Simon
TFC Price at posting:
85.8¢ Sentiment: Buy Disclosure: Held