Mark Burgess, page-4

Yeah, i think any new CEO deserves 12 months minimum to put his mark (hehe) on the company. As stated, he was dealing with legacy loss making agreements and a staff count that was far too high. He did outline the OneQuickstep less than 6 months ago. Cost cutting initiatives should start seeing improved profitability in F18H2. Volumes are slated to ramp up over the next couple of years which will automatically assist in improving margins. Mark is on record as saying he understands the dominoes are in place and profitability will be the key driver of decisions. We just need to secure a couple more commercial contracts . Not only for pipeline revenue, but to be recognised as a major player in the space.

The issues summarised:

Cost cutting: mark has implemented, start seeing benefits this CY
Ramp up of volumes: already in place
New commercial contracts: what the market wants to see.

The contract wins are the third piece of the puzzle to put a rocket underneath the SP