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
- Forums
- ASX - By Stock
- price
I'll hold fire on the raising issue until I hear news from the...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ATJ (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online