The dividend was a reasonable theory given the way the company...

The dividend was a reasonable theory given the way the company is thriving.
Instead of paying 2.5c a share they stashed the $10 million into cash....
Company health more important than shareholder’s pockets I guess.

And healthy indeed are the definite intimations of more work..
NRW civil has a new EGM ( I presume Executive General Manager although no new faces on the web site )

...”• Appointed EGM and other key operational staff ahead of expected increased project activity in Western Australia”

...Hints don’t get much stronger than that .

It’s also interesting to see the ‘imagery makeover’ in this report .
Fantastic pictures, as always, but the extremely strong photographic focus on urban projects is an interesting new development.
When I first saw the lead picture I thought it was a Golding view in Queensland not Perth airport !
And the highway and bridges photo is a reminder of our ‘newly gained’ top rating as a contractor in that field.

Really the only low note is that drilling does appear to be getting more and more competitive according to quite a few companies . ASL is targeting Africa, MAH driving it’s new business to win contracts over East and us looking East as well...
( and sadly the expensive New Gen rig we bought half? of a few years back ((which links us in a roundabout way with Berkshire Hathaway)) is clearly still mothballed )

But, all up, not a bad company to be invested in .