....PCH finally got the Train V scaffolding project, even if it was about 9 months overdue. They beat out Cape group to get it, which shows that the company carries favour in the industry even against bigger players. Interesting that the announcement wasn't marked as market sensitive considering it's a pretty large project as i understand it.
Also good to see that i think the contract was awarded by FosterWheeler. There was a risk, due to the fact that FosterWheeler have preferences for other scaffolding suppliers, that PCG wouldn't get this contract, but they still got it anyway.
FosterWheeler, along with McDermotts and WorleyParsons, are the 3 services firms through which a lot of the contracting work in PCG's prime areas, such as the Middle East and parts of Asia, is going through. IMO, PCG has a strong working relationship with all 3 of those services firms, especially McDermotts, as the scaffolding supplier of choice.
All of which adds up to a company that has a great 3-5 year outlook.
Cheers.
PCG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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