for those who are not familiar with sino's major share holder, imdex, the following is a brief summary-
"Imdex Limited (IMD) is an industrial company whose core business is the supply of drilling fluids and chemicals and down hole instrumentation in Australia and internationally to the oil & gas, mining, water well, horizontal directional drilling and civil industries. IMD operates in Africa, Asia Pacific, Europe, North America and South America."
imdex has enjoyed meteoric growth - their capitalisation has grown 8 fold over the last 3 years to $600m. (and their share price with it). so from this i deduce their management must have a great deal of expertise in the industry.
to me, their 22% holding, and their stated commitment to stay with the company for some time yet is a ringing endorsement, which gives me much added confidence in seh's future.
SEH Price at posting:
8.9¢ Sentiment: ST Buy Disclosure: Held