baby and bathwater, page-43

vfrioni, I'm not having a go and I may have misinterpreted what you meant although "this half could be a shocker too" is just typical of the incredible ignorance surrounding REL.

What makes you think this half could be a shocker?

Quoting from the AGM presentation from November 25th Jamie Cullen, the CEO, said that for the first 4 months of this FY compared to the first 4 months of last FY the dewatering business had an increase in revenues of 45%, an increase in EBITDA of 50% and an increase in PBT of 40%. Not exactly characteristics of a 'shocker,' more characteristics of an outstanding success.

If these trends continue (for the remaining 2 months) REL will see first half profit before tax of just over $7 million (1st half of last FY just over $5 million.)

This is assuming no contribution from DSA.

Best Wishes.