stock price increase, page-7

The Eureka Report ran an article on July 10 titled "How to play the LNG boom"; concentrating on the goods and services providers who will benefit from the gas rush.

Clough was mentioned throughout, including:

"Other winners from the mining services industry, even before the LNG starting gun is fired, include:

Clough Ltd, a sometimes troubled $470 million engineering specialist, which has been busy selling non-oil assets to make the transition to being an oil and gas specialist. Clough’s share price has more than doubled from 25¢ at the start of 2009 to about 71¢.

Mermaid Marine, a $320 million marine equipment and boat hire business selling services to offshore explorers and project developers. Mermaid’s share price is up from $1.05 in January to $1.86.

Decmil Group, a small engineering specialist valued at just $80 million, which has already landed a “company-changing” contract from an LNG project yet to announce a formal development commitment. Its share price has soared from 17¢ in January to 68¢."

There are other companies shaping as potential winners from selling to the LNG industry. Engineering firms well placed to benefit include AJ Lucas, Monadelphous and RCR Tomlinson, along with remote-area accommodation providers, Nomad Building and Fleetwood.

However, with a portfolio of WorleyParsons, Clough, Mermaid and Decmil, you cover most bases: a big and small engineering firm, a marine services specialist and small builder. These are the companies that will post profits now from LNG rather than wait a decade or more, which is how long it can take for the companies which own the projects to recoup their massive capital outlay. "

I don't hold but have it on my watchlist.