Have you accounted for effect the Newmont loss will have on FY19 revenue/EBIT of the pre-acquisition PEA business?
I haven't tried to do the numbers - but with Newmont being 16% of their pre-acquisition revenue, I suspect it'll account for a large chunk (if not the all) of the gap you're talking about. Note, this is what led to the substantial SP fall last Nov - so well priced in. I don't think PEA can give us a precise breakdown of this or they would be providing commercial info on margins to their customers and competitors.
I think these are a reasonable set of numbers - back to growth after the loss of Newmont and the possibility of a good jump in the SP when they pull off a contract/(s) win/(s) that re-deploy the generators currently being used on the Newmont contract.
I was a hold - but with SP at 53c a posing ... changed to BUY!
Ann: FY18 Results Presentation, page-7
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$1.09 |
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| Open | High | Low | Value | Volume |
| $1.09 | $1.09 | $1.09 | $80.13K | 73.80K |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 20979 | $1.09 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.09 | 93741 | 7 |
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