re: Ann: CLO: Clough Forge awarded ECI contra...
I think if 200 million was awarded on their own maybe a 50c rise? with CLO as a JV 30c rise, just as CLO arent as efficient. That is pure guess work there.
The market wants to see order books full but it is a tough climate to convert it into profits at good margins these days so i think it ultimately comes down to earnings guidance in the end.
In saying that I would love to see a coupel of large contracts fall as the potential for a larger profit then grows.
Hope your intel is correct.
FGE Price at posting:
$5.12 Sentiment: Buy Disclosure: Held
