Maybe a bit harsh. It’s contracting. It’s not retail like just selling a product at a margin. Contracting numbers jump around. While their cash generation was somewhat helped by contracts ending its still a phenomenal result. Look year on year things are tracking well. 10% unfranked.paying out 70% of npat. Not cash generated . On the other side if rigs have a 20 year life cycle they need to be buying 5 a year. I’d like to see that happening.
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Maybe a bit harsh. It’s contracting. It’s not retail like just...
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