anyone follow this one, page-4

Thanks Rocketman35,
I was assuming that Simon Rowell moved the shares from his Super Fund to his Family trust to crystalize losses so he could claim the deduction against his capital gains. I will however watch out to see if he sells.

I have been waiting to see how the company went refinancing the Chinese debt which is due tommorrow. I am hoping that no news is good news in this case. If they did have problems then obviously the price would fall even below your 6c and I suspect the company will then go ahead with the CEO's proposal to buy out the Chinese part of the business. (which may actually be good too?)

Assuming that they pulled off the refinancing, then I am not too concerned about the EPS. You are correct and they will report a very small profit for calendar 2009...but to put this in perspective most other companies in the cyclical industries have reported losses during 2009. I am focused on the fact that they will offset a $2.5M loss in the first half by making a $3M-$4M profit in the second half. I am expecting the company will keep the second half trend going and produce two halfs of $3-4M for 2010 or an EPS of about 5c and a share price heading back towards 30c during the year.

The share price of SAV could do anything though. Most of the time there are no real buyers or sellers and only tiny volumes traded. It only heats up around announcements.

I am really thinking about 5 years out. I love the fact that here is one of the smallest of the Microcaps on the ASX......it has lost 95% of its value in the past 2 years without any real change to its business......it has not had to resort to dilutive capital raisings like most other similar companies.....it has in fact brought back shares to do the opposite of dilution and made a few corporate aquisitions........but when you look at it, this is actually a significant established company with patents and skills in many emerging technologies, efficient factories in China, 1500 employees, major established revenue streams with major corporates world wide (including Nokia), growth prospects in India, projects in Europe and Russia etc etc...Taking a longer perspective, provided they get over the current issues and do a bit of restructing I dont see much downside risk only lots of potential!