re: Ann: Clough subsidiary signs US$250m cont...
I am not an expert on CLO . They are lumped in the mining services sector hence the fall in price. What excites me is their quality though shy management , their presence in Indonesia coal both as a contract miner as well as an owner in coal i.e. vertical integration.
They should have positive news re reindeer gas project where they should be reinstated as the contractor. The fact that the project was back on track sent the price up 9 cents recently.
The SP will depend on the half yearly . The company has 300 engineers so they should post at least a $50m annual profit which should double the SP.
Mr. Smith the ceo is very silent. Can anybody give us more information esp a brokers report?
CLO Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held
