Now that most of the value of the Contract manufacturing is appropriately written down and the initiatives that they have introduced to turn that segment around, will put hopefully most of the negativity of it behind them.
The other two sections of the business are steadily growing and the benefits of the recycling centres will soon kick in. At least they are honest in their expectations and performance.
I think todays SP boost was a counter to the push down due to all the unknowns, mainly surrounding the Contract Manufacturing.
Full year should give us a clearer picture of their progress overall and whilst not jumping for joy, I am cautiously optimistic of the next six months.
If the initiatives work, then final div. will be back up around 5-6c later this year, one would think.
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