Ann: Earnings Guidance Update , page-61

Please replace EBIT with EBITDA in my last post.

Either way, this company looks quite cheap at present.

Valuing Calibre at a little over 3 x times net profit is very cheap in my opinion, considering its value was around 3 times its current market capitalisation less than 2 weeks ago.

With a strong order book and a good past reputation and track record, I believe the Calibre team can turn this company around despite the recent delay of some of the mining projects it is servicing.