SIO 6.25% 17.0¢ simonds group limited

Ann: Update on Operations - March 2017, page-2

  1. 2,124 Posts.
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    SIO seem to be tracking along business as usual, wish they gave more financial details not just housing starts etc etc.

    Revenues down a tad but with write-downs done and dusted let's hope management can turn out a profit, great to see debt drop significantly last quarter.

    I still believe one way or another this company will be taken private around the 50-55 cents range and ill take that, got long 37 cents average.

    Happy to sit and wait
 
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