Zero sales, page-4

Word from some friends is that there is no plan on the Simonds family side of things to sell their holding. I did bring up the issue of the substantial holding update and was told that a take over would be highly unlikely as the family wouldn't sell out. While the information was vague for obvious reasons it seemed as though any planned take over would be SIO taking over a competing firm in the new markets (nsw/qld). The logic is sound as these markets are struggling compared to Vic and taking on an established builder would give them exposure and growth rapidly in these under utilized markets

BAA side of the business is doing well enrollments increasing and so is the marketing push. I would also suggest that any increase in funding which has been allocated to trades will positively impact BAA

In regards to the other thread on the substantial holder, they show confidence in the SP in the 40c range which is what I have advised people from day 1. At 40c a competing firm must see growth potential otherwise they wouldn't invest in a competitor, they would actually invest in their own business