The thing about RQL that I really like is that it sounds like they had a shocking first half. From all accounts they were behind on everything, delays in projects, DSA lost the FMG contract etc etc. In spite of all this they still managed to grow profits and operationally bring in a healthy swag of cash.
The second half should be a ripper. They have flagged lower capex, DSA coming back on track, heaps of work on hand. I hate to think what RQL is capable of in a good half!!! I am tossing up adding, but quietly hoping for a dip. As usual the good ones have a bit of game playing as people get set.
RQL Price at posting:
45.0¢ Sentiment: Buy Disclosure: Held
