Ann: Transfield Services preferred tenderer for DIBP contract, page-13

Thanks for the question. I'm preparing an essay to illustrate my view and will post later this week/weekend. But I'm hoping a TSE shareholder will give their opinion first. It seems strange an engineering outfit can act as some sort of hedge/buffer against weakness in the broader world economy but i'll attempt to show why.

Meanwhile it was a horrible day for TSE. SP hammered down (although it wasn't the only one) and did close off its daily low.... but nevertheless it was painful. Closed shorts in GNC and RIO as an analgesic. My sentiment (at/below 1.05) remains: BUY.