Didn't Strawman exit in the past?

Must be a buy signal when that happens

But at 500m looks quite fully valued

@thunderhead thanks for that info. what is your valuation or expectations from here? im in two minds the simplistic approach, that me in this case, see it as fair, as the cost story has played out, but there is a chance they spark some growth which i suspect is what buying here implies.

held

Hi @Solvetheriddle. Apologies for missing this - it got buried under a ton of notifications while I had just gone on holiday for a few weeks. My assumption has never been more ambitious than mid-to-high single digit cash EBITDA growth.

I haven't done a great amount of valuation work on this name, but their reaffirmation of guidance at the AGM combined with significant insider buying from Damien Leonard and associated entities, and a good technical set up (holding support on pulling back the $1.40s after a strong run) convinced me to buy more at $1.45.

Today is one of those days you reap the benefits, as they exceeded expectations (15% upgrade at the midpoint). The thing that has perhaps got the market more excited is the reinstatement of the dividend. Hope you are still holding, and that the yield-hunters continue chasing the stock :)

@thunderhead yes im still there, i was thinking of selling until the insider buying was raised on SM. at its peak this business had much potential, lets see what ahppens