Fundamentals look good and among lowest multiples in the sector....

Fundamentals look good and among lowest multiples in the sector. Long track record of strong growth; beat FY12 forecasts; blue chip clients at lowest end of the cost curve; high margins; 70% of FY 2013 revenue secure in order book; plus over $800m pipeline for FY2013; net cash; $150m acquisition facility. Big exposure to iron ore Capex, seen as a liability at the moment, but I wonder what would happen if / when iron ore price returns to "normal"? One to watch in my view. Will be interesting to see first research reports expected out next week according to the "gospel" of "Street Talk". Tough time to debut on the ASX, share price seems to have played catch-up on the whole iron ore exposed sector.

Do your own research.