James Marsh - MD Interviews, page-100

Lethal 70, brother or sister from another mother;

1. concur, AK never seems to ask good questions in my opinion, kicking off with rubbish about share consolidation is a good example, the only good part was that he did let JM ramble on a bit which we all love. A lack of any major focus on the concrete by JM I think was unintentional, and more because AK jumped to the NNT very quickly.

5. yes I suspected the same, he has said 4-5x (2800-3500) ceramic revenue for concrete previously, now we are taking 1000+, so not contradicting, but may be flagging a softening, still even at 1500, that all drops to the bottom line, and hence the numbers will be compelling.

6. confused as well re size, I thought expansion if anything, perhaps he was just referring to year 1.