My understanding of Commander is that its expansion has been...

My understanding of Commander is that its expansion has been fraught with execution problems. The company is apparently very highly regarded in relation to its core services and I believe was a potential takeover target even when the sp was around the $2 mark. Its execution of its expansion strategy was not occurring as quickly as had been expected and there was a hotch potch of non core businesses which made it difficult to coordinate. These circumstanes in turn created problems in servicing Commanders substantial gearing. The strategy now seems to be aimed at diminishing the financial constraints; disposing non core business components that in turn reduces the debt position and focussing on its core business to accelerate services with resultant increase in revenue. Brambles, although in another sector had adopted a similar strategy and is now a powerhouse of a company due to successful execution. Brambles and its shareholders went through a difficult period as the turnaround started and evolved. It seems to me that a conscious decision has been made by the Commander management and its new CEO that Commander is a company with significant potential subject to a successful execution of its turnaround strategy.

I would think that investors like Hunter Hall are possibly looking for a 200%+ return on their investment that would mean a sp possibly exceeding $1.

I am hoping that the new CEO will turn this company back to a $2+sp over the next 2years.