You're on the money V_H.
Management here are mostly old time paper guys, they've had a bit of a crack at expanding beyond commercial print but I can assure you the sectors they've picked are pretty tough - The low hanging fruit in the diversified markets is gone & cut-sheet paper is in irreversible & accelerating decline.
Ann: Appendix 4D & Interim Financial Report 31 December 2017, page-35
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