Good to see directors buying on the market - Tom Gorman with...

Good to see directors buying on the market - Tom Gorman with $25k worth and Phil Bainbridge with $48,500 worth. IMO $12.25 SP a good top-up point.

Sales revenue up 7.4% despite flat US and UK conditions. Similar EBIT to previous periods. NPAT impacted by interest payments - however 'subsequently reduced' by period end. EBITDA up. Cash flow significantly down albeit for good reasons, hence the sell off? Will it rebound? I believe so hence my sentiments on top up point.

Don't really like this bit. Corporate costs 25% up? That's an extra $1m/month on top of last period $4m/month....When read in conjunction with $15.8m transaction costs for Baltimore scrap and LMS disposal then somewhere there are some hefty fees being divvied out to corporate and advisor types. Seeing this in conjunction with no dividends a bone of contention personally.....

Good to see Capex @ $93m to sustain business still underway.

In general IMO these guys are going be around for a long time and I'm topping up.