Ann: AVA awarded contract with UGL Limited, page-2

UGL (if I've got the right one) is "CIMIC Group's specialist end-to-end engineering and services provider"

They seem to cover Energy & Utilities, transport, mining, resources, defense, manufacturing maintenance, new energy, telecommunications.....so if Ava can impress the client in this installation, is there a possibility of more contracts with UGL in adjacent sectors/departments??

The 500k over 5 yrs was a bit of a joke announcement, but this at say $2.5m is almost 10% of FY23 revenues and 5-7% of the the high level range for Year1.....and the shareprice is down?!!?

Decent volume today (>1m shares traded) with the last time we saw that ~Sept (investor presentation & ME contract), but interesting that the price has fallen, so perhaps a large retail investor just tired and wanting to exit after a long long wait.

They need to book another ~$22m in revenues in 2H to get to the minimum $36m mark they indicated in Year1.......so they really need to show through orders taken this quarter that they are going to be able to deliver that uplift in 2H (most of which needs to come from detect).......less focus on tiny dividends and more on sales!!