Yep tough few years most definitely, but let's at least give the new guy and strategy a chance. First quarter is a little premature to be passing any judgement, when their new strategies are still "filtering" through the business.
On an aside from a purely technical perspective, I'm still of the belief we are putting in a baseline of price support at these levels, but of course moving forward that will only be backed up by a positive commensurate change to Margins, baseline cost, EBIT and cash flow. They also quite categorically ruled out during the annual, the need for a capital raise. That of course can change, however the renewed focus by govt on defence export and building up its EFIC loan book at what would be favourable rates, is a nice backup for QHL to have if they need funds.
All the best......
Yep tough few years most definitely, but let's at least give the...
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