VMX 6.06% 31.0¢ valmec limited

Ann: VALMEC BOLSTERS ORDERBOOK WITH A FURTHER $25M IN CONTRACTS, page-5

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  1. 818 Posts.
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    Septic I have just emailed Harry along the same lines.


    Pierre maybe, or maybe not. This refers to "work in hand" at the end of 2018 being $60 million.The AGM had orders at October 31 at $45 million. There was another $20 million in "preferred contractor extensions". Do the later count as "work in hand"? So if work in hand is the same as orders we have added $25 million to $40 million. Also note the Origin contract is $15 million pa. So if it is included in full in the work in hand at the end of 2018 then some of the order book will be for work next financial year.


    In any case we need to know how much revenue has already been earnt this year to know how we are travelling.


    I understand not giving guidance on revenue for the full year as that involves a forecast. However, revenue year to date and the size of the order book for the rest of this year is factual. Many mining service companies provide guidance on revenue and/or revenue year to date plus their work in hand/order book. We should do one or the other.

    Last edited by edshann: 04/12/18
 
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