Very, very subdued quarterly update. Strange that Richard Irving wasn't in attendance either. A couple of points but tbh it wasn't much of a listen!!
- 80% of SPS revenue in Q2 was outside china
- Tom has toured the company and offices since his appointment and made mention he thinks we can reduce our fixed costs even further, and improve corporate structure with a meeting in August to discuss that (no detail on this though)
- Re-affirm guidance of $144mill full year income and $45mill SPS.
- Question on North American progress. Tom made a comment that they have had to improve production capabilities to fit into the North American requirements but tracking along so far.
- Caribbean question about talk of significant pipeline here for quite a while but nothing really has eventuated to date. Tom made mention he expects significant impacts very soon here.
Over and out
Very, very subdued quarterly update. Strange that Richard Irving...
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