My reading of ann is that RCR have 32% of JV=49m in new 150m BHP RPG5 contract. Nevertheless, good to see this is 2nd contract win for RCR with BHP in recent times. Revenues remain high. However, management must improve profit margins! I hold after paying 55c. But suspect it will be a longish haul back to that level. Re divs: last year was 7c. 2009??? My guesstimate 4.5c. RCR (like MAH, ASL and others) must stop spending cash and use their current equipment more productively. Sigh.
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