Ann: Half Year Report - ASX Release, page-6

"I thought capital spend on new equipment of 5mil per year (mid point) for the next 2 years seems pretty restrained, given the trading ebitda for the half was> 11mil and rising sharply."

@Just_a_guy ,

Not sure where you got "capital spend on new equipment of 5mil per year (mid point)", because it is more like double that amount.

As for "ebitda for the half was >11m and rising sharply", I think it is more accurate to say "ebitda was >11m after having risen sharply"... because I'm not sure that that half-year result will be repeatable in the current half, if the outlook commentary (see Slide 8 in the presentation) is anything to go by.