The outlook has weakened for the company, commentary is that the...

The outlook has weakened for the company, commentary is that the 1H2015 will be soft and only a moderate recovery in 2H2015. My guess is that they will struggle to beat the FY2014 result in 12 months time.

One of the key takeaways IMO is that they pulled in revenue of $161m in 2H2014 but only signed up $105m of new work in that 6 month period. Hence the urgent need for some contracts.

On a positive note it does appear that SWL are being much more vigilant on project management and cost control, very important as margins are pretty low in their line of work.

A significant contract soon would make a big difference to the outlook. I believe they are able to tender for larger projects in their own right with a strong Balance Sheet to support the guarantees they need to secure work. Here's hoping!