Simplification and a waving of the white flag for an acquisition...

Simplification and a waving of the white flag for an acquisition that didn’t work out..

Margins will increase naturally as the focus goes back to rental, but that safer business also limits options for growth without looking overseas (which was also retreated from in the past). There’s only so many mining vehicles in operation in Aus, and the rented market is only a proportion of that.. not necessarily a bad thing, just means keep their heads down, do a good job, continue to win and extend contracts, and it’ll make nice profits and returns for shareholders, while also riding the general mining ups and downs (to a degree)

Any hopes of a 5x increase in group revenue will need a return overseas or back into lower margin service offerings, both of which would be a big risk..