update

my thoughts are well known here
i don't rate coa.
lets deal with the facts then you can make up your own mind as to the 'future' direction of this stock

1- drive for growth via bolt on acquisitions has mean't the company seek part finance offshore and also later refinace some of the mount borrowed

2-weak results period end 31/12/06 released feb 2007

3-business restructure into 4 business units as annouced 20/2/07

4- General manager of coates shorco Mr Richard Purser moves onto saferoads holdings ltd(srh) effective 9/7/07

5- private equity circles and strategic review annouced 1/5/07 to be undertaken in consultation with macquarie