It has now been a month since this announcement. I forked out again and I am (have been) in for the long term. HOWEVER, I am starting to get a little concerned with a couple of things but mainly it is that we have not had any announcements since this time.
The pipeline that we know about has 6 projects finishing by the end of 2018 if not sooner. We have one project that is due for completion june 2019. MO mentioned frequently that these projects have long lead times, which is the basis for my concern. The previous "wins" were in March which was the offshore project and then February for the one before. So the silence is making me concerned as we will have a gap in the pipeline of projects. How will we reach profit by 2019?
What could fill that is the stand alone projects (or a yet unknown announcement). The tender is closing on Monday.
Let's hope
CCE Price at posting:
2.7¢ Sentiment: Hold Disclosure: Held
