Stealth Undervalued??, page-23

I am confident the Board didn’t cost SGI $1.7m last year, that is shocking analysis!!
The Chair and Non-Exec Directors cost $236k,
The rest of the costs were for Management, including Head of Sales roles.

They would be smart, led by Mike, to take short term pain on salary to pump out some big profit $$.
A higher share price is more valuable than short term remuneration when growing by acquisition.
If the share price can trend higher, it gives them a huge asset to negotiate future acquisitions with.
That would be much more valuable to Mike than short term remuneration on offer at the moment.

Sales up 30% year on year in January and February is a good start to this half.
This is a game of scale and volume and United Tools has now been added.
The base is built, now time to grow sales and build their margins and extract higher returns for shareholders.