The company has forecast $50m of revenue for 2021, up from $37m in the year past.
The forecast for Baltec is $26m So $50m less $26m = $24m
Tomlinson (TES) delivered revenues of $21m in 2020 and will better that in 2022. So if we conservatively use $22m for TES for 2021, revenues the rest of the business is forecast to deliver just $2m.
However, TAPC has delivered around $5m for each of the past two years. On top of that the Annual Report states that the Hastings project (stage 1) will be completed in August 20. That part is $4m. Stage 2 is scheduled for Early calendar 2021 and runs to $8m. So let us assume that half will be revenue in 2021 and half in 2022 (it may be all in 2021) That implies that TAPC will produce $5m plus $4m plus $4m = $13m, and it may be ($17m)
So... Baltec = $26m TES = $22m TAPC = $13m
Revenue =$61m
That is $61m Revenue in total, compared with the forecast of $50 million. The difference to the profit is considerable.
And the above does not include EGL Water which has been described as expecting first revenues in the current six months.
EGL Waters prospects have been described in the Annual Report as "EGL Water has reached a highly anticipated point and are one of the most exciting businesses within EGL at this time." Lynn Richardson, Chair.
EGL Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)