Given I'm West Aussie in Perth I'm going to try to get to the AGM. It's one of the very few I go to. This year 3 from 30 ?
I do think they may grow revenue and margin. I get the feeling the people who have to facilitate the rollout of power and comms cabling are starting to get the message. At least they know people are asking who is responsible. and pointing. ACT having a different voice result in stark contrast to all others was like a neon sign.
On the issue of margin, I got an example of how hard people are starting to get in Perth. I have an evaporative air conditioner that needed a pre-summer (basic) service. The tech who was booked (in June) to service today it was a no-show. On investigation, I found:
- the original company Ford and Doonan no longer did that.
- the company I booked (the no-show) was taken over and had not migrated my appointment but wanted a 30% (+ GST!?) price increase.
- a third company could do it (since I had given them 100% flexibility with timing and it's a pretty new unit).
I got the same level of service and price increase a the post office an hour later.
Now if GNP can't get some margin under those conditions Aust is in dire straits. Good luck to the RBA. (I think some expect Michelle Bullock to be a superhero/magician.)
Sorry if I wasted anyone's time with the anecdote.
Cheers
As
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