Well that answers that question. Fairly short term thinking in my opinion to be selling on this news. The change of government in Qld was well anticipated and whilst the extent of the fiscal problems might not have been, these are hardly massive tenders that have been deferred.
Given the amount of tendering opportunity the company has identified I think the current share price is very attractive.
SWL Price at posting:
84.0¢ Sentiment: Buy Disclosure: Held