Updated Analyst Reports, page-110

I have also held this stock for many years, still hold as I believe one day it will realize its true value. It has been a very frustrating ride for SXY shareholders for a number of years and still remains so. The past 18 months CEO I.D. and his team have achieved some excellent results, placing the Company in a positive position for the future. What always is puzzling is that most of the good news reported always send the stock in reverse for a few trading days. Beach took over the Adelaide business and their share price reacted very positive to this, SXY picked up $85m and went backwards. Not sure what Senex Management need to do to get the market excited about this Company, a lean and mean company now, starting to generate good cash flow and always meeting its objectives on time. Maybe a bit longer to wait for it to be seen by the market as an opportunity, however one would think at this price several Company's must be running their slide rule over the business.