SP stronger as recent wins have brought stabilisation and growth...

SP stronger as recent wins have brought stabilisation and growth in revenue in combination with the fact that historical 'problem contracts' (the nemesis of contractors) are now almost out of the accounts. SWL historically has traded almost exclusively in Qld, but recognised a few years ago that govt led spending is stronger in southern states and recent wins include significant wins in these new markets. So some confidence is returning to investors that new management will continue to diversify the business, improve margins by executing D&C work and grow into larger contracts where they can enjoy economy of scale and dilute their fixed costs. Cash is king in contracting, but luckily you don't need much of it to make it....just don't bleed it away in loss making contracts and you inevitably keep shareholders very happy! Time will tell but if they continue to win work in areas of core competence and price responsibly............