Ann: Market Update, page-16

It's become an unfortunate pattern, these brief spikes on good(ish) news only to slip back to previous levels, or lower. I think the market is perhaps still spooked by Richmond's selling somewhat, and is waiting/wanting to see improvement in NPAT/margins etc. That and it's been a while since a significant new contract was annnounced. So there is work to do for management to get some real traction in pushing the share price north. A nice update, but plenty of money waiting on the sidelines for something more substantial. Still a buy at these levels for me.