Update Report to Shareholders by CEO., page-7

So what are the company's immediate objectives for the next six months?
A large part of our focus will be on managing our cost base tightly in order to preserve the Company’s strong balance sheet.
We understand there is some debate that Sunbridge has a lazy balance sheet, but we believe a strong cash position should be more common place in many businesses, as not only does it provides security for shareholders, it also gives us the flexibility to capitalise on growth when the opportunity arises.

We plan to continue our program of store renovations and franchise buy backs to further grow revenues and boost margins, and more importantly, to maintain our position in the market place.

The continued investment in our and brands is critical to our ongoing success.

Something I want to emphasise is our desire to achieve greater scale, and this is why we want to maintain a strong cash position in the near term.

Like some shareholders, I am of course disappointed with the performance of the company’s share price ..but like all good businesses, if we continue to deliver at an operational level, the share price will follow.