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I have been a watcher of SAI since 2008 and really regretted not being brave enough (and not having enough money) to enter during the GFC at around the $2 mark...but everything comes around and so with today's full year results announcement and the resulting sharp share price decline (9.5%) i decided to seize the day.

In with the super fund at $3.89 and already in small profit...which is always nice.

Things to like about SAI
A Mature global business operating in over 30 country's.
A 9 year history of YOY revenue and dividend growth.
A history of slow and careful growth by acquisition.
Manageable debt and maturity's, Net gearing 36.4% interest cover 6.8x
MC 805M, Cash 44M

Big picture i reckon compliance, standards and corporate services are great Businesses to be in, as Asia and the BRIC country's grow so does their Businesses and there need to met global best practice standards..over time compliance legislation grows, it never diminishes and so there's like a built in growth (demand) component to SAI business.

SAI is a great addition to my super fund..and dividend to come, the last big cap raising was done in 2010 at $3.60 so there should be support at around this (current) level...all things considered, IMO.

4 year chart and link to today's results announcement below.

http://www.asx.com.au/asxpdf/20120815/pdf/42811c9lyd7nyf.pdf
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<blockquote data-quote="So_Cynical" data-source="post: 723766" data-attributes="member: 11073">I have been a watcher of SAI since 2008 and really regretted not being brave enough (and not having enough money) to enter during the GFC at around the $2 mark...but everything comes around and so with today&#039;s full year results announcement and the resulting sharp share price decline (9.5%) i decided to seize the day.In with the super fund at $3.89 and already in small profit...which is always nice.Things to like about SAI<ul>
<li data-xf-list-type="ul">A Mature global business operating in over 30 country&#039;s.</li>
<li data-xf-list-type="ul">A 9 year history of YOY revenue and dividend growth.</li>
<li data-xf-list-type="ul">A history of slow and careful growth by acquisition. </li>
<li data-xf-list-type="ul">Manageable debt and maturity&#039;s, Net gearing 36.4% interest cover 6.8x</li>
<li data-xf-list-type="ul">MC 805M, Cash 44M</li>
</ul>Big picture i reckon compliance, standards and corporate services are great Businesses to be in, as Asia and the BRIC country&#039;s grow so&nbsp; does their Businesses and there need to met global best practice standards..over time compliance legislation grows, it never diminishes and so there&#039;s like a built in growth (demand) component to SAI business.SAI is a great addition to my super fund..and dividend to come, the last big cap raising was done in 2010 at $3.60 so there should be support at around this (current) level...all things considered, IMO.4 year chart and link to today&#039;s results announcement below.<a href="http://www.asx.com.au/asxpdf/20120815/pdf/42811c9lyd7nyf.pdf" target="_blank">http://www.asx.com.au/asxpdf/20120815/pdf/42811c9lyd7nyf.pdf</a>~</blockquote>

[QUOTE="So_Cynical, post: 723766, member: 11073"] I have been a watcher of SAI since 2008 and really regretted not being brave enough (and not having enough money) to enter during the GFC at around the $2 mark...but everything comes around and so with today's full year results announcement and the resulting sharp share price decline (9.5%) i decided to seize the day. In with the super fund at $3.89 and already in small profit...which is always nice. Things to like about SAI [list] [*]A Mature global business operating in over 30 country's. [*]A 9 year history of YOY revenue and dividend growth. [*]A history of slow and careful growth by acquisition. [*]Manageable debt and maturity's, Net gearing 36.4% interest cover 6.8x [*]MC 805M, Cash 44M [/list] Big picture i reckon compliance, standards and corporate services are great Businesses to be in, as Asia and the BRIC country's grow so does their Businesses and there need to met global best practice standards..over time compliance legislation grows, it never diminishes and so there's like a built in growth (demand) component to SAI business. SAI is a great addition to my super fund..and dividend to come, the last big cap raising was done in 2010 at $3.60 so there should be support at around this (current) level...all things considered, IMO. 4 year chart and link to today's results announcement below. [url]http://www.asx.com.au/asxpdf/20120815/pdf/42811c9lyd7nyf.pdf[/url] ~ [/QUOTE]

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