Well I wrote a response and it hasn't posted it... Grrr so post below is just a brief run down of what I had written.
Disappointing quarterly, I would have expected a higher income stream.
The cost outflow projection is shown and no income projections provided. Although they do say there will be stuff (grants, income) coming - perhaps payments were received after 31march18.
Interesting to see how the JV plays out the fees on jobs quoted - I assume will be split 50/50. Assume that there will be income from the JV when the JV engages parent companies for work thats outside of JV scope.
Bring on full year I'd like to see that income increase a lot more!! Clearly the income is there, just hope it's not months away - in line with their warning fees can take 12/18 months to come to fruition after a project is announced.
CCE Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held
