We all waited for this, a very disappoitning result and falls well short of what they had guided people towards. My real concern here, as I have mentioned before, is the time lag. they are still busy on construction sites that commenced pre the global recession. They have yet to feel the downturn which for them probably kicks in this half year! The lack of second half guidance and references to enquiries rather than new contracts is rather telling, avoid!
IFS Price at posting:
7.5¢ Sentiment: None Disclosure: Not Held