TSE 5.50% $1.06 transfield services limited

Well their net margin last year was 2.5% - so on these $450m of...

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    Well their net margin last year was 2.5% - so on these $450m of contracts after tax you get $8m profits over whatever timeframe. I hope they can do better than that.

    Still there is an ever-present risk of a crap raise. So maybe keep some cash spare if you have to long this one IMO.

    It does look cheap but . . .

 
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