i wont go into too much detail as i dont have much time.
however, this is still a series of disappointing results - although they are improving, which some may argue is all we can ask for.
i feel they should be more aggressive with changeout of poorly performing businesses, staff and assets - strip the business back somewhat to a leaner organisation. i guess the 200 staff retrenchments are a start.
lastly, they also need to address the decline in earnings - the waste results are poor, not just disappointing as Kevin states.
yeah yeah debt is reducing - thats a given.
overall, profit only slightly achieved, with some help from retrenchments and sales of assets.
market likes it though - maybe thats all that matters?
TPI Price at posting:
87.0¢ Sentiment: LT Buy Disclosure: Held
