Bontempo Ousted, page-5

With Guido and term in control now I would be expecting the following changes.

 

- Head office and team more Sydney centric

- Tenders for mining services contracts drastically reduced except for specialist electrical services at higher margins

- Reductions in Perth H/O staff numbers

- Focus on recurring revenue maintenance contracts in telco, ports, education, retail, Councils etc

- Limited focus on low margin solar contracts

Obviously from the board changes in the last month there has been disagreement in the strategic direction of Tempo.  Hopefully

this has been put to rest.  For a $1.2M tender pipeline the number of successful tenders has been woeful to date. In the mining services

space no significant contract has been won in 2018.  Furthermore it's a low margin, dog eat dog space still.  It's good practice to stick to you guns and profit margins but if you are tearing up cash in tendering and not winning tenders in the MS space then exit the space and bank the cash.