Yep, I agree on the context of this contract- not a huge addition to EBIT etc- and likely to be back loaded towards the end of the project. But all good.
The rallies from these sorts of contract wins are not long lived- usually. Its the revenue updates and guidance that drive this thing the most- with the spikes and slumps for major contract wins and AFP raids to add interest to the charts.
I do not give financial advice- but I reckon this could be a good stock for someone starting out. I have certainly learned a lot from holding this on and off since 2020. I read all the announcements- do background reading on the sector- I go back and examine my trading history here from time to time and think about what has worked and has not worked. But, not financial advice. I could easily have made so much more on this stock- or could have easily have lost shed loads. Some of the investing decisions here could have gone pear shaped but turned out well- it would be hubris and dangerous to think that it would work out well if I made some of those decisions again.
Starting to ramble. Too nice a day to be on Nabtrade- so off outdoors again- toodle puip.
IMHO DYOR
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1 | 823 | 3.120 |
1 | 823 | 3.110 |
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Price($) | Vol. | No. |
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3.180 | 824 | 2 |
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