very good rns11 Dec 2013 08:18
very practical and to the point, biggest focus from now on will always be how big is the order book. climbing by the sounds of it at a rate that they like and more production is needed, hence the extra capex money but within budget.
seems they intend to stretch out capex spending rather than at this time ask for more, as invoiced money arrives, they know the margins and therefore this money supports the business at the same time expansion takes place.
i assume the plant delay reduces margin but does not stop production, the setup in place now is working so why not continue and a prudent appraoch to expansion, you dont often here that.
imagine, you have X amount of good quality marble to quarry, you have started and its selling for a good price, why not expand therefore at a sensible rate as its going no where and the market is always quite stable.
directors dont what to dilute unless they have to, more delievered cash, more for them. good RNS
lets also face it, its now cold, expensive and harder to build plants, if you can wait concnetrate on quarrying why wouldnt you?