VMX 6.06% 31.0¢ valmec limited

Ann: VALMEC BOLSTERS ORDERBOOK WITH A FURTHER $25M IN CONTRACTS, page-6

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  1. 818 Posts.
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    That should have been "So if work on hand is the same as orders we have added $25 million to $45 million." Thus we would have done only $10 million work in two months. However, if "preferred contractor extensions" are included in work in hand we have added the new $25 million in orders to $65 million at 31 October and done $30 million in work in 2 months to get back to work in hand of $60 million at the end of 2018. The latter is hard to believe in the run up to Xmas. This is just unnecessarily confusing. No wonder the market ignores it.
 
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