This is a decent mid to long term play, you only need to look at the next 6 years of infrastructure projects in Aus to see the potential here.
I am unsure why ASX listed businesses can't be just a little clearer with guidance though. They have been clear in the sense that they have indicated look at the profitability for H2 FY2018 as the yardstick, but in no documents that I can find is that broken down anywhere, so then you have to get the annual report out and compare it to H1 FY2018 to establish the numbers for H2. Appreciate for the brokers, not a big challenge, but not exactly difficult to throw a range out there to be succinct and clear with the market, surely the Chairman's role is to attract investors, not make things more difficult for them.
Anyway, the figures I have for H2 were:
H2 Revenue = $27.4m
H2 Profit = $1.3m
I am happy with that considering the big project hasn't kicked in yet, which should add to profitability in H2.
Chairman also made a nice and vague statement about dividends and franking credits.....just tell us what you are thinking. With improved profitability, I still expect an increase to dividends to use these franking credits up moving forward.
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