At least Jrdbull is not wearing rose-coloured glasses. Did you not read the last report? $5m in admin costs for EME and revenue was what? $0.8m? All from memory. You'd be a fool if you didn't ask yourself what the profit margin might be on these contract wins, assuming there is a profit. And revenue for these new projects will probably take 6m+? 1yr+? before it hits the books. We're still not out of the woods yet but at least we are winning contracts (unless we're only winning them because we are tendering too low, i.e. loss-making ).
Yes, I'm still glass-half empty and probably will be until the next quarterly.
CCE Price at posting:
4.2¢ Sentiment: None Disclosure: Held
