Great result for Delorean. This just continues to show the strength of the business model - so many different options on rolling out their tech, and generating earnings for shareholders.
I have done a quick and dirty update to my model to include this new Engineering project. I made some general assumptions from their news, but essentially it includes FY22-24 construction and FY24+ ongoing O&M. These projects provide a real double benefit in terms of juicy margins on the construction, and then decent ongoing revenue through the O&M. This is the best type of projects for Delorean to focus on imho.
Ann: DEL Awarded Yarra Valley Water's Waste to Energy Project, page-8
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