I noted during the brief that Urs pointed out that the capex of $4.4ml for the 6 months was mainly spend on the Office Consolidation Project. And that the project was completed in the first quarter and that going forward we can expect substantially lower capex spend.
Agree with septic1 - sounds like they feel things are at or near the bottom of the cycle but they don't expect any substantial upturn until FY2016.
COF Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
