half year results, page-10

I am satisfied with the announcement. I am happy that the result was a minor bump on the road and the next half looks to be a lot better. I especially liked the fact that revenue at $84m was very good compared to same time previous year. It means they are still getting a lot of work but the margins being squeezed was the problem - this seems to be improving now. Also good to hear that the 2 vessels are now fully utilised and the STS acquisition is winning new work. Overall I think the company is on track. I hold and may even top up a little. Still a long term proposition and I'm OK with that.