@raymon68 Very true that the share price trend hasn't been good for a while now...yet the performance of the business just keeps getting better. The result announced yesterday is really significant YOY growth in revenue and profit. Sales up 30% and profit up about 350% YOY. They have also brought down the debt to equity ratio over the year to around 50%.

But a couple of million below guidance. My thoughts - stop giving guidance! It hasn't helped them prop up the share price over the past 6 months. Then when they deliver a great business result for the year, some folks will be fixated on them being just short of guidance. So no win either way.

Since listing in 2018, this business has grown revenue from $58 million to about $250 million. They have grown Net profit from $5 million to around $17 million. And the share price is now 95c which was the same as it was 5 years ago! The multiple has shrunk from 29 PE five years ago to just 8 right now...

So I am a happy holder in real life and on Strawman based on the business performance. And a hopeful holder that the market will re rate them soon to a more average multiple, given the growth achieved already and the likely low double digit annual growth for many years to come. Organic growth is tracking around 6% and with the sensible acquisition/roll up strategy being executed, this business will be both the dominant market leader and much bigger in 5 years time in my humble opinion.