Ann: AGM 2017 Presentation, page-4

All AGM presos ive seen this year appear to be along the same lines. None of them really provide 4 month trading performances given half year reporting is so close.

The orderbook provided indicates these guys are winning work and their pipeline must be growing given they have another 76M in orderbook at end of October vs what they said at end of FY17. Thats positive news in my opinion.

Paying a dividend for a company this size to me doesn't make sense and given the projects they appear to be winning. Construction projects always have heavy cash burden upfront from my experience and given they started the year with a healthy orderbook, you expect cash facilities to be working overtime until close to completion of the projects where traditionally the positive cash tips out.

Don't get me wrong, getting dividend income is always welcomed!! But given there is already limited liquidity on the stock and if the oppie holders convert who are mainly the current top holders being the directors, I fear liquidity will become even worse.

Just my opinion. But nice to see SP climbing the past few months after a long slumber!