It seems to me that the new CEO Michael Shirley hasn't done anything to fix the utilisation issue in the Surveying business and has allowed Aqura to increase costs by $6 million in order to buy a $5 increase in revenue. This is negligence IMO.
There's also $1.3 million of restructuring costs, how many times are they restructuring this business, no wonder we can't make money!!!!
Sounds a bit like managing COVID, make it up as you go along, they should be here running Victoria.
The Board are getting paid over $500,000 per year to sit around and do nothing! Competitors continue to achieve margins averaging 14%, why is no one doing anything apart from taking money off shareholders?? I've lost all patience with this BS
It seems to me that the new CEO Michael Shirley hasn't done...
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