At these levels SDG present an excellent buying opportunity:
1. Strong balance sheets (Cash $48.8m) 2. A growth trending profitable company with Net Profit After Tax of $21.4m. 3. Strong NTA growth with a forecast of $1.83 by June 2012. 4. Directors hold a large number of shares. 5. Share price supported by share buy backs (company and directors see value and growth in the company). 6. Credit lines available to ride out a storm ($91.8m undrawn credit lines).
Support levels holding, waiting for a reversal, I say, hang in there for the next break out above $0.90!
All the best to all holders!
o
SDG Price at posting:
85.0¢ Sentiment: Buy Disclosure: Held
