A bit of movement in the station which is good because a decision on Jordan is due very soon.
Been in a bit of shock since the last quarterly where revenue did not match up to sales at all. I contacted them and they have suffered substantial production problems, due to engineering problems out of their control. Apparently these problems were resolved a couple of weeks ago and are being monitored very closely. So we have a significant amount of sales stuck in the pipeline which should filter through into the next quarterlies.
They said sales and demand were good so that's excellent news.
It's a severe bummer because I have oppies and may need a good Jordan announcement for us to see movement. Longer term it still looks fantastic with India, UAE and Component Homes all moving into profitability around the same stage. A perfect storm mayby? How many companies with a market cap of 11m can say that?
JVG Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
