Ann: Centrals Awarded Beachfront Property Development Project, page-5

Yep, if they pick up a bit of mining contract/services work they'll be looking like a much safer investment. I think they're probably valued about right at the moment given the uncertainty around revenue and profit in the near term, but there's a lot of room for an upside move if things fall into place. I picked up a few after the half-yearly. Basically buying the safety of cash in bank, but I wouldn't be surprised if the price drifts lower in the near term until they have some positive news about the company direction. Then I'd hope there might be a re-rating upwards (i.e. if they win a decent size tender).