I've been very patient with them too. I am very frustrated...

I've been very patient with them too. I am very frustrated however. I am still positive about the future though for the following reasons:

* It's a relatively easy business to run
* You can quickly and easily scale up and scale down (although the 40 mil of savings seems to be just following the volume reduction rather than genuine savings and why dump the 9 day fortnight in Jan 2010 if the volume is not there yet)
* On their TO you don't need much change in margin to generate millions in extra profit (this is also a downside risk too)
* Tightening employment market should help
* RSPT is a downside as/if development projects get mothballed don't start.