Announcement clarifies office relocation - let’s move on!

With certain (more sensationalist) elements of the investment press inaccurately reporting the terms of a recently announced relocation of premises, the marine geophysical services and autonomous robotics group has this morning provided further clarification.From our perspective, given the capital intensive nature of the industry in which they operate, investing in property with unknown maintenance and renovation costs does not appear to represent prudent use of shareholder funds.