Ok DSD your analysis is premised on the fact that WOR has not announced new contracts to the market. I have a question for you to answer.
As per the 2016 FY Annual Report (Presentation Page 8). WOR detailed the following:
Column 1 Column 2 Column 3 0 Significant Awards - represent contract awards that meet or exceed the 1 individual sector anticpated EBIT earnings threshold 2 3 Sector FY 2016 FY 2015 4 Minerals, Metals and Chemicals 16 21 5 Hydrocarbon 41 61 6 Infrastructure 28 23 7 85 105
Therefore, I took it upon myself to review the ASX Company Announcements for the two FYs above. You maybe surprised to know that only 17 contracts (2015) and 7 (2016) announced to the market.
So the question is how do you reconcile the difference and could the same be happening for FY 2017?
The case for being a bear re WOR, page-2
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