AGM guidance today is difficult to be sure on, but seems...

AGM guidance today is difficult to be sure on, but seems positive however it's interpreted.

Looks like revenues are so far up about 11%. Can't see how they have calculated last years EBIT margin, as the 3% given for June 2010 seems more like the Marbletrend Pty NPAT margin than EBIT. But given they are saying comparative Oct run rate is 6.5% and that they still seem to be talking about "margins to be maintained at the companies budgeted targets" (10% according to the later table), then it would seem like NPAT has potential to triple?

Either way, seems they have a lot of pipeline fill orders for Bunnings roll-outs, so have "good" problems in the sense of trying to handle increased demand and inventory, with consequent new premises in Perth.

Am now a holder, though only small due to limited liquidity.