I agree, the management have the right strategy & it's literally paying dividends. SVR has a tiny % of the total potential market & is limited by it's financing not because it doesn't have the latest gimmicks to attract gen y customers etc. I'm much happier for them to ccontinuously review their operations & improve processes to keep the ship running straight. The focus on costs & the bottom line is 100% correct along with sound credit practices. It's a testament to management that, so far, they haven't seen a worsening of bad debt provisions especially considering the market they operate in. The only 1 blemish the management has had is in screwing up understanding the impact of the interest rates going up 3.25% in the previous accounting period. Even that won't have a lasting impact on the business.
SVR Price at posting:
$1.12 Sentiment: Buy Disclosure: Held
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