ATJ 0.00% 3.0¢ automotive technology group limited

I'll hold fire on the raising issue until I hear news from the...

  1. 70 Posts.
    I'll hold fire on the raising issue until I hear news from the AGM on 30 Nov.

    ATJ management has done a lot of work this year, particularly during this last half, to reduce costs with manufacturing being moved to Malaysia, size of Australian operation being cut significantly, etc.

    Sales for the year to 30 June 2011 increased 30% over last year, albeit still far from covering costs much less delivering net profit, but now that the JV with Proreka is operational, and with other developments in the wind I expect we will hear positive news about Proton and other sales from the AGM.

    Short-term liquidity is not a concern for me, I'm holding for medium to long term, I don't see this as a short-term prospect.

    Maybe you'll be tempted after AGM news.

    Cheers
 
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