im calling azg a screaming buy...why? read on, page-3

Snowy101 you seem to have a negative stance about AZG- i for one think they are in a strong position and lets not forget there is a $15 million bond currently in place so they don't actually need a capital raising right now.

Perhaps next year

Sure 10 mill would be great if we could do a private placement to institutional investor or the like at a premium to shareprice which would underpin current market price

Dont forget Arrcon is forecasting $12 million NPAT for FY
Combining all their maintenance business will in theory provide better economies of scale and higher efficiency level- This do sent include any contribution from NFC

Im sure management are aware with their experience that taking on just any project is not the way to go- Before they take on a project, it would be tabled to identify a "bid or no bid" arrangement when analyzing each project

They look at the potential pitfalls and benefits(including margins and labour availability to ensure project completion on time and within budgets before committing to any project.. -

we would be looking at industry 10% net margin result on each project - which is what our peers are averaging at- perhaps we can squeeze even better margin


MMM