Ann: Investor Day 2017 presentation, page-107

I had a look at the overall contract and it is a massive project. WOR will be a small part slice spread over several yrs but it is a big pie. But work on project yet to get off the ground after years of false starts.

Yesterdays ann that DAR hold 19.96% (we knew that) but now hold another 2.3% via a subsidiary gave SP a massive shot is the arm. But ASX rules state DAR will need to make a full TO if they want more. WOR now a 4B mkt cap and looks very big for DAR to swallow.

Did DOW's update yesterday affect other engineering stks? SP jumped 5.1% on update but DOW explained none of the increase they made to FY18 forecast came from 'mining services'. Now that they've sold their interests in rail they are a making money on civil works eg roads and stadium catering vis new acquisition SPO. Overall DOW have had a good run with steady increases in profits over past 2-3 yrs.