I could not reconcile their stated $3m EBIT hit, so went for the...

OriginallypostedbyGainSeeker

Jdpc35-wheredidyougetthe$1.5mfrom?myreadingofthepresentationwasthattheshutdowncost$3m.

IthoughttheresultwasverysolidgivenitwascompingtheverylargeOlympicDamprojecttheymentionedandhadtheshutdowncosts.Alsohappywiththefullyearguidancefor$25-27mofEBITDA---that's~25%growthoverlastyearandifyouaddthe$3minshutdowncostsyoustarttalking>40%growth!!Andevenmoreexcitinisthecompanyclearlyseesagrowingpipelineofwork.

Noideawhyanyonesolditafterthisresult--IMOstockshouldbeatleast25crightnow.

I could not reconcile their stated $3m EBIT hit, so went for the more conservative assessment based upon their disclosed numbers.

The $1.5m is based off their stated $5m reduction in revenue from the NSW strike (P2 of their presentation - second dot point under Mining & Resources revenue) at their disclosed GP margin of 29.5% (P3 of their presentation). Possibly there were other costs, but it is not transparent from their presentation.

I agree that the market response was surprising. The stock is headed north in time, but may take a while for a reversal off sentiment.