Thanks Tamz.I am puzzled the SOC is not profitable. Rivium was a...

Thanks Tamz.

I am puzzled the SOC is not profitable. Rivium was a profitable business so i can only assume the bottom line has taken a hit integrating the Tesserent SOC, or they've lost contracts?

The standout comment from your post is this:

Synergies are still a work in progress - Geoff gave it a 2 out of 10 and said it would be 2022 to fully reap those benefits.

I am not surprised by this. As i have said many times, this is key to the company reaching its full potential but it's also the hardest thing to do because no one has done it before.

It's so incredibly refreshing to hear the Chairman of the Board be so candid about this. From memory, the last report said they'd achieved 14 cross sell opportunities. For a company this size, that's very poor but with the recent appointment of a Head of Synergies, I am confident they will get there eventually.