Ann: Half-Year Results Webinar Invitation, page-3

I thought it was a really worthwhile presentation. Michael looked comfortable and at ease but not cocky. The turnaround is 100% clearly in place now, as they transition away from maintenance and more into rental. Financially it's pretty clear the turnaround is working, as is evident just from the improved margins ... the working capital will improve ... the 2 recent acquisitons are rippers (and largely vendor financed - great confidence from the vendors). The NAB banking facility has been renewed and clearly the customer demand is strong. Unbelievable that the market cap is where it is. I'm delighted to hold. I hope to find one like this each year, and this is it.