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Also, in your reference to TSE being in a specialised industry, granted its a Services industry, however its not limited to just mining services although what has been projected in the media about mining, all those sites that come online will need maintenance services in the future in even of breakdowns and wear and tear, so i expect there should be future work opportunities to be tendered for in the coming years.

TSE are involved in Defence, Oil & Gas Resources, Mining, Telecomunications, Roads, Water and WasteWater Utilities, Facilties management eg DIBP which the recent projected contract amount up to 1.2Bil, also i am sure but cannot remember off the top of my head what additional areas they are involved in.

They have a wide diverse customer range (i do know on a personal level), looking at previous announcements they seem to be winning important contracts with various customers as well as renewals indicating customer retention is being maintained.

And they have stated in the past announcements that they are not chasing contracts based on the lowest dollar amount to be the cheapest to win it, and they will in future properly cost the project to what it should cost plus allowing shareholder profit margin after costs.