The chestnut has come up - somewhere in the middle of a statement that has so far gone on for almost as long as HY spoke for.
Expect the usual response. Ah, there it is, as comforting as an old cardigan and a hug from your favourite grandparent.
Quote from HY - we are told by ..... - HY, they say, you have to scale with us on this roadmap, so we have to increase spend to keep pace, so the spare cash has to be re-invested, and we have to invest in our future.
Also included -
R & D spend - is it too high ? Answer. No it isn't. Slightly expanded to say that quite a bit of it was one off acquisition integration.
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