I would keep the champagne on ice for a bit longer before you celebrate it's still the honeymoon phase post merger. Given the financial year time frames PRG has it will be their next result that will really show where they sit.
Surprisingly little detail behind how their merger savings are being made and how they are going to deliver that $100-$110m EBITA figure. Given their previously very profitable marine division will have the full effect of the O&G downturn in the next results I don't see it being achieved, the septic in me says it will take more than what they have announced in their maintenance business to offset marine let alone grow the EBITA.
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I would keep the champagne on ice for a bit longer before you...
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