where to from here, page-16

3-Post Coates/NED, NHR is now able to get exposure to the biggest equipment hire firm in this country by combining their (NHR)hire business with that of COA.

The NED deal is all about increasing their (NHR) and THE CARLYLE GROUP(one of the biggest PE players in the world) exposure and %stake TO the equipment hire business here in Australia and the associated cash flows $$$m's (albeit on a % basis) resulting in a uplift in scale and bulk required at a much needed time in order to take full advantage of when all state govts infrastructure projects spend kicks off along with that of other infrastructure sector participants

Some people need to fully recognize that credit needs to be given to the board and mgmt of NHR

The COA/NED highlights that in order for the board to achieve their objective ofbecoming the clear market leader in the equipment hire market, they recognized that they needed to make BOTH a cash contribution and a part sacrifice by way of moving the NHR hire rental business within the NED GROUP but still retain some exposure and at the same time maintain full control of the sales business