This stock is definitely set for a nice ride north over the next 12 months. The strategy to morph itself, or at least put the company's money into, the financial services business will defeinitely reap significant benefits. The company has a good background to make such a move and seems to have hired the right people (ex QIC et al).
The sort of fees that CHF is likely to make (on an annual basis) with significant funds under management, is likely to yield as much cash as the current market cap of the whole business - which even without the funds management side of the business, is said to have a cash and asset backing of 57c.
This stock is a no-brainer... and the fact that the managing director has recently piled and increased his stake in the company, is an obvious give-away sign!
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Currently unlisted public company.
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
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