Believe that it is great Coffey International is finally turnikng around. I last invested in Coffey in 2003 and it is a company that can improve significantly from where it is now.
The turnaround has begun and profits will start to flow through. Dividends will take another couple of years to fully recover, they have debt to repay.
The positive item for Coffey is that the Gas industry is about to experience a resource shortage due to another multi-billion gas processing plant being built in NT. They will be in the box seat to bring people in and charge for it.
Great company to be in over the next few years.
Best of Luck Lost
COF Price at posting:
52.0¢ Sentiment: LT Buy Disclosure: Held