something brewing here, page-3

Word is that the new CEO is highly rated by the board, hopefully over next 12 months the investors as well.

First steps were to take restructure hits in 1H. Likely the 2H better with the Innovative Products firing and the uptick in Malaysian businesses.

The big minus is the disposal packs as the sterilizer gave ongoing headaches that only recently sorted out. Customer trust will take longer.

Second steps with new CEO were to rationalize product development pipeline which is very smart given they are still too small, and cash flows too patchy for blanket approach to R&D. They need to focus on where they can get returns and the best way is to focus on customer problems - as they are now doing.

I do not have big expectations about 2H 09, however am confident that FY 10 will be very positive and see strong rerate from meagre market cap of $11m.