Ann: 1H FY24 Results Presentation, page-10

Look, this stock has had issues and hence its current share price. However, getting to CF positive is its immediate focus, which has been done whilst increasing sales and GP at the same time.

I have followed this company for a long time and this is the best report I can remember.

CAT is very scaleable, and with continued growth has a very bright future.

There is the potential for a continued re-rating on the back of these results (think of how many market-leading SAS companies trade on revenue multiples as low as CAT?).

And PS, a company like CAT will not be paying dividends for a number of years. If that is your prerogative you are in the wrong stock.