Scaffold rental is good for cashflow but it's the formwork where they should be getting the big dollars like the GCS announcement in feb on the $24m contract on the bookfield multiplex. From gcs announcement in feb also, gcs expect to be on track for half year profit of $7.5m after tax on revenue of $44m. If ifs come up with those figures for the full year their market cap should be over $30m or half of what gcs is capitalised atm. Singapore seems to be their main game atm also.
IFS Price at posting:
10.0¢ Sentiment: None Disclosure: Held