Ann: SRH Secures $1 Million Order for Major NSW Road Project, page-5

'peanuts' - ok, it's equivalent to only 10-15% of their revenue in the last half year - so not big, but there's the expectation of more to come from this potentially large customer (NSW govt). Let's see if they start getting some ironman hybrid sales - it looks to be a great product, and only in its early days.

'can't see them surviving long term' - again, quite possibly correct, but in the short-medium term they now look pretty secure. Debt is back under control, bankers are no longer at their door, and they're operating at break even and trend is improving.

'shadow of their former self' - yes, compared to the mid-late 2000s, but a big improvement on where they were two years ago.

'but they're not alone' - I'll take this as being 100% correct. I'd welcome your views as to why this is the case. Is the structure of the industry changing, eg. big players crowding out smaller companies like SRH? Or something else? Surely there's a niche for nimble innovative companies like SRH?