Reading through the results: largest asset is goodwill of $177m...

Reading through the results: largest asset is goodwill of $177m ... EPS has halved. And, 50c per share to get a 1.8c dividend (ignoring the franking of 0.7cps) equates to 3.6% ... less when the rest of the tax is paid. Also net tangible asset per share is 1c ...

They managed to survive the last FY and "restructure" however there are some key resignations in the last few months and unless all of us can see something the instos dont then their future, along with other EPCMs in Perth, is questionable.

The EPCM model is dead/dying fast (or a max of 12 months left) and although CGH is making changes to switch out the vast majority of its business is still that model.

Obviously still a good short term play for traders but long term investment no thanks .. same for all EPCMs