I think it could be a combination of above as well as changes...

I think it could be a combination of above as well as changes towards QLD 4WD towing laws. Could be results relative to expectation. Regardless; invested among the founders, whom have highlighted they will be re-investing 50% of dividend.....Amazes me how the ASX seems to have gotten even more short term.

I think this business should trade on 12-14x earnings no more. Therefore on recent result of $0.11/share this means on last years numbers $1.32/share to $1.54/share. I am expecting a decent amount of growth in the next 12 months i.e. 15% so working on $0.125 on 12-14x earnings puts price roughly at $1.50 to $1.75/share.

Appreciating management are also conservative. $1.41/share looks too cheap to me.

Long term holder.