Ann: Acquisition of Leading Staffing and QLD Surveying Businesses, page-7

not sure if you are aware but homecare and NDIS are booming. Demand is outstripping supply across the sector. Scale and geographic reach in itself is a moat, particularly in a highly fragmented industry, so is back-office sophistication and efficiencies. They are internalising some of their fully third party model to pick out the most profitable customer segment. Coupled that with acquisition targets at low multiples provide the business with sizeable, organic, M&A and multiple expansion opportunities. Sure some end markets are somewhat cyclical (mining, infrastructure, IT), but we are on a massive upswing. Cash flow generation is great for this business, as you've been receiving sizeable dividends every half.
I've been holding and topping up since $1 and never looked back so good luck to your investment thesis.