i also thought it was a good result. Main concerns were the impact to services from the nickel downturn (BHP), a few trade disputes, over reliance on wet leasing. Otherwise solid results very well in line with management forecasts. They seem to have a good game plan to return substantial value to shareholders possibly by 2027. Looks cheap now. The market seems to ve at a point of high irrational exuberance and some solid biring stocks are left on the table.
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