Pinned valuation:
With the integration of the erp systems fully implemented and some one-off executive costs fully expensed this company looks too have righted the ship.
Strength in the numbers in Americas always looking good.
Happy to hold and accumulate at these levels.
I will add that tarrifs will leave a cloud of uncertainty. The company has explored overseas manufacturing plants as a solution. Growth looks quite good and the costs will normalise and debt begin to be repaid. I'm anticipating a strong second half of 25 where profit comes back.
There is little to no excitement or investors following this stock. The half year presentation went for 15 minutes and there was only one question asked, it was on information about currency hedging where the company has had a strategy in place for seven years.
This is something that I like, that there are seemingly few eyes on the company where the numbers can purely do the talking.