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clock Created with Sketch. 20/02/17
10:21
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Originally posted by DSD
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1H17 result very close to what i had expected/forecast with couple of exceptions. As all my posts have stated the engineering macro remains weak and it is something WOR has no control over. Tomitigate WOR has focused on cutting costs and they have done well. Yet margins are lessthan i had expected.
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Massive vols 450k in just the first 10mins! SP sitting around $9.00 which is drop of 8.5%ish. Lets see how day pans out but on 2nd thoughts the outlook is the MOST bearish of the past four statements from the company and if revenue goes to 2 Billion in 2H then 50c EPS will be very hard to achieve. I'll stick my neck out and forecast a div of 0 -5cents in late August. Debt a problem for the firm and dependent on getting money from ex soviet states which can be problematic.
(20min delay)
