Market is probably waiting to see the next quarterly and to drag down the sellers who have been stopping this from breaking out past 2.5c.
But by my calcs the order book stands at $33m for current FY. Only a small part of that has been received this financial year thus far.
As it stands about $25m of work is still to be done and receipts received this FY largely.
They have stated in the HY that costs have stabilised at Simpec now considering previously the uplift in work. That says to me there is 2 bumper quarters here to come. Should find out in the coming weeks about this quarter.
WSI Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
