Helpful info vic_wattle shows why the result was not quite as good as expected. I suspect we will see quite a reasonable boost in margin and the bottom line if the vaccine rollout goes to plan. I agree that the plant hire acquisition is an interesting one - it seems to be outside of their core business but I can see that they are in a unique position of having onsite knowledge and close relationships with their mining companies which give great insight to plant hire needs. Could work quite well as they would probably be a preferred hire company where they are already contracted.
MAD Price at posting:
89.5¢ Sentiment: Hold Disclosure: Held
