I think their main CAPEX spending is associated with equipment...

I think their main CAPEX spending is associated with equipment and/or software development for contracts they’ve won. No guidance that I can see ... but I think that’s because they haven’t guided on their expected contract wins either. I think we are just backing the management team that they will win new business. When that happens the SP should react swiftly.

In the mean time ... we can be comforted by the fact that directors keep buying shares (3rd notice today) so they’re backing themselves too!