credit suisse upgraded ske rating, page-5

My view is only one possible outcome of many. I think we will see a disappointing 1st half result in terms of revenue and earnings. As you mention Mike there is margin pressure, some volume work has been rolling off the books and the new work won't happen until the 2nd half, that is the new project work that has been picked up, new maintenance business where the sale wasn't concluded until recently and their boat business only just now takes on new capacity (boat/s), these last 3 items won't impact the 1st half results.

Looking for a dip after the 1st half ann. next month as a buying opportunity, then hold for a much stronger 2nd half.