re: Ann: WDS Limited awarded $280M Australian...
hey MG bloody fantastic news...... long time coming but well worth the wait my friend.
WDS market cap 95m, revenue of approx 350m last year with an 8m profit. this contract should inject about 20m profit this FY so that's potentially a very significant increase. I like that it was based on a schedule of rates and there will surely be variations. i expect the contract to be worth about 120m per year. i think origin/APLNG are drilling approx 6000 wells so this is only a small fraction of the work that needs to be done. we should start to see a major rerating in this stock.
Get ready to make that booking mate!
WDS Price at posting:
68.0¢ Sentiment: Buy Disclosure: Held
