Hard to gauge what todays announcement means, from my...

Hard to gauge what todays announcement means, from my understanding the quality of the output (RTW services) was strong and they have good relations with major customers (inc MHS) and feedback was all positive. Could be a wish from the MHS side to change some of the timings around service etc (& reset contractual obligation) rather than a hit to financials - but I guess we'll see. Interesting that they've sent this through at the start of Jan - could just be a start of year renegotiate to try and save trick. Would be handy if KKT had actually released some more sensitivity analysis (how much is MHS worth as a % of revenue for example). That said, hopefully they're able to get a new agreement in place and continue the growth. I have had them pegged as achieving their targets (51m rev/ ebitda margin 10%) and growing into a 5cps earnings powerhouse. Had been hoping for roughly 2.25-2.5cents earnings per share 1st half (ex increased CAPEX already flagged) with dividend of 1cps (~40% payout ratio) and commitment to 40-50% payout ratio going foward.