Clough has a leak, page-2

  1. 7,397 Posts.
    Should be some upside from here with an order book this size

    What do you mean by leak, a money leak or a information leak
    _______________________________



    CLO
    Yesterday they rose 1c to 81c which does not make the selection
    a runaway success.
    The company reported during the day that net profit rose 12 per
    cent to $30 million, at the lower end of the range of $29 million to $34
    million the company postulated back in June.
    Also, EPS fell 1 per cent to 7.6c, which puts the stock on a p/e
    of 10.6 times and the 4.5c full year dividend gives it a yield of 5.5
    per cent.
    However, managing director Brian Hewitt says "We have never been busier".
    The order book is $2.2 billion, up 55 per cent, and work in hand $1.34 billion, up 81 per cent.
    "We are forecasting substantial growth in 2002-2003,'' Dr Hewitt said.
    Shareholders wouldn't mind some share price growth as well.
 
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