Yeah, you read that right.... $100,000 profit lol. THat said...

Yeah, you read that right.... $100,000 profit lol. THat said it's been turning a profit at least until now as far as the downturn goes, so in that sense it is ahead of some entities. but it really does need to win some work or do 'something' since it isn't just potentially going to make a loss on work, but might have no work at this rate!

Financially the business is fine, good cash, just they aren't winning tenders and one has to wonder why versus other businesses (are those undercutting at a loss? Or are we lacking the expertise).

Provided they don't go into heavy cash burn/losses one would hope the cash position would keep the company going, but there does seem to be an issue where prospective work overseas and these townhouses will still take time to realise, so we are potentially in for a year of no work and losses. Hopefully something is coming around the corner or they'll be having to rationalise their workforce even more at this rate.