Seems like things are finally improving for the company and not...

Seems like things are finally improving for the company and not only do they have some exciting expansion plans but their profit guidance values the company quite cheaply to the current market price. A significant discount on book value and a fully franked dividend yield of 9.5% (trailing), things are really looking up.

What are the negatives with this company? Other than their recent (I count at least 3) capital raisings and a stubborn commitment to the dividend (which will likely be reduced going forward if they are serious about putting up the capital required for growth), is there concerns about their ~30% gearing level or the turbine engine market more generally that people are aware of?

Would love to hear your thoughts