Q4 resultsJust went over the 4th quarter and fiscal 2024 report and came away satisfied.
The admin costs included another $10mm asbestos provision, so if this marks a final adjustment, then the profit/loss picture will be much improved. EBITDA was positive despite the challenging year.
Long term debt down to $4.3mm (current portion of $24mm should be paid down by year end) unless they make an acquisition.
They expect revenues to be up in fiscal 2025 (Feb year-end) , generated solid bookings and has a strong backlog.
With the (new) management time now back full-time to running the Company, instead of the distraction of a dis-allowed takeover, and with oi&gas and nuclear perspectives as strong as ever, I expect a positive news flow over the year with an accompanying gradual improvment in the share price.