With the 1.22bil Govt project signed and on-the-way, I am wondering what we should be expecting for FY 2014.
a) Debt reduction? b) Observation of cost incurred for this new big project (so that TSE does not overrun its cost)
I also notice, aside from this 1.22bil project, there havent been much projects won by TSE. Five (incl 1.22bil project) in the past one year: i) 190mil - Feb 2014 announcement ii) 240mil - Dec 2013 announcement iii) 365mil - Jun 2013 announcement iv) 157mil - May 2013 announcement
Although, if combined it looks reasonable, these projects span across several years (not forgetting TSE needs to incur cost on these projects too).
Appreciate feedback on this.
TSE Price at posting:
83.5¢ Sentiment: Hold Disclosure: Not Held
