Bullish Sign? - Bounced off 200 EMA, page-2445

Hi Parma,

They've only given us revenue forecasts and made no predictions about profit/margins. Personally, I think this is a good thing as it gets away from market reactions to 'missed' estimates and nervous shareholders asking for updates! They do their work and twice a year we see how it went. Some of their competitors would be better off doing the same I think.

Fair to say it would have been hard the past few years to predict profits - the company wasn't in any kind of steady state that makes it possible. The broker margin estimates are mostly rubbish IMO for the same reason.

On the other hand it will be interesting to see if JP makes any comments about margin pressure caused by labour/equipment shortages etc.

I would also love a candid update on the hoped for larger infrastructure work using JVs etc (like do they think it will still eventuate) or if it just sort of slides down the strategy list!

GLA,
pb