CLO 0.00% $1.46 clough limited

The Eureka Report ran an article on July 10 titled "How to play...

  1. 87 Posts.
    The Eureka Report ran an article on July 10 titled "How to play the LNG boom"; concentrating on the goods and services providers who will benefit from the gas rush.

    Clough was mentioned throughout, including:

    "Other winners from the mining services industry, even before the LNG starting gun is fired, include:

    Clough Ltd, a sometimes troubled $470 million engineering specialist, which has been busy selling non-oil assets to make the transition to being an oil and gas specialist. Clough’s share price has more than doubled from 25¢ at the start of 2009 to about 71¢.

    Mermaid Marine, a $320 million marine equipment and boat hire business selling services to offshore explorers and project developers. Mermaid’s share price is up from $1.05 in January to $1.86.

    Decmil Group, a small engineering specialist valued at just $80 million, which has already landed a “company-changing” contract from an LNG project yet to announce a formal development commitment. Its share price has soared from 17¢ in January to 68¢."

    There are other companies shaping as potential winners from selling to the LNG industry. Engineering firms well placed to benefit include AJ Lucas, Monadelphous and RCR Tomlinson, along with remote-area accommodation providers, Nomad Building and Fleetwood.

    However, with a portfolio of WorleyParsons, Clough, Mermaid and Decmil, you cover most bases: a big and small engineering firm, a marine services specialist and small builder. These are the companies that will post profits now from LNG rather than wait a decade or more, which is how long it can take for the companies which own the projects to recoup their massive capital outlay. "

    I don't hold but have it on my watchlist.
 
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