It seems to me that the new CEO Michael Shirley hasn't done anything to fix the utilisation issue in the Surveying business and has allowed Aqura to increase costs by $6 million in order to buy a $5 increase in revenue. This is negligence IMO.
There's also $1.3 million of restructuring costs, how many times are they restructuring this business, no wonder we can't make money!!!!
Sounds a bit like managing COVID, make it up as you go along, they should be here running Victoria.
The Board are getting paid over $500,000 per year to sit around and do nothing! Competitors continue to achieve margins averaging 14%, why is no one doing anything apart from taking money off shareholders?? I've lost all patience with this BS
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