DCG decmil group limited

New research - price target 1.02, page-9

  1. 56 Posts.
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    My quick interpretation on the Sunraysia position was that they have previously recognised $29m on that project, so getting nothing in the dispute would mean $0 cash and needing to recognise a loss of $29m, and getting $29m would mean no change to earnings but an inflow of $29m cash. SO maybe you assume a mid point of $14.5m cash in, and recognising $14.5m loss on earning. But agreed, it was opaque in how it was presented, and I could be totally off.

    And silent with any update on Homeground sale, so I conclude there is nothing happening there.
 
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