turnaround should deliver results

It wouldn't surprise me to see the shareprice head towards 20c in relatively short order, based on an expected net profit of $10M in 2012 and a conservative PE ratio of 6x. Halley Homes is fielding inquiries for re-build work in Qld and Nomad Modular's business is likely to source materials from Asia to aggressively compete- there is a mountain of work in Qld and WA underway. Also, Entrust, the 25% shareholder, are no dummies, having been involved in the previous turnaround of Fleetwood (now a market darling) and Swick. The beauty about contractors, if well managed, is that their revenues are so scaleable (witness Forge's revenues and sp, which has skyrocketed over the past 18mths).