Ann: Investor Presentation, page-11

Not only does Steve Smith have a reputation for buying good assets at bargain prices - he's a demon when it comes to cutting overheads.

He previously demonstrated this by centralising admin to Brisbane when they restructured Sydney-based International Air Parts after the departure of founder Steve Ferris a few years back.

He's doing it again in the U.S. - $6 million increase in underlying operational NPBT, and a MEASLY $55,000 increase in overhead.

Australia's small company 'CEO Of The Year' in my book.