Ann: SWL Annual Report to shareholders, page-12

It's the high % of govt wk that gives me the most faith. Plus as we enter recession i expect govt will boost infrastructure and SWL with its exc niche ability to do complicated small wks of about 30-40m is perfectly poised.

Big guns like CIM (Leighton) often sub contract to SWL when job is too difficult for their own team. I expect CIM to gain a big share in yrs ahead.

If you like SWL then look at SDM. Even better imo and plenty steam left despite 13% jump. Huge divs for those who buy now.