Most here have fair points. It was a decent report for mine....

Most here have fair points. It was a decent report for mine. Year on year they continue to improve their bottom line, that's despite inflation, headwinds, etc. Every business unit is profitable which is also a good sign, one not carrying the others.

Price action hasn't surprised me in that it's been a solid move up but hasn't shot through the roof. Long term there's still the caution as it relates to margins, but so fair they have been managed well. These reports are always done as a point in time so as long as CA > CL then I'm typically happy. They seem to have enough cash and debt facilities to manage short term capital fluctuations. Its how the business funds growth that's the big question, if it can figure that out then we will have a big upshot. They clearly want to look at expansion, so don't expect dividends as they'll need the cash to fund.