i wonder, page-11

I guess I saw the SWK physicals as nasty - the materially reduced rig utilisation and operating margin.
However I agree the SWK share price strength on release certainly very good - perhaps a positive reflection of the strength of the underlying business? and shareholder support...?

Whether HDX can weather the same impact on its physicals and come out as strong is another matter IMO so I am pretty wary of what HDX will report and what its share price will do as HDX are not the best with relating to the market.

HDX has had several large acquisitions that should see benefits flow through to the bottom line this half. So the general expectation is to see better performance, not worse.

Time will tell.

Gosouth