My view, while this specific contract itself is not huge, once a supplier is on a project, they effectively become the status quo & the true value of the contract can turn out to be 3 x - 5x or more (ballpark estimates based on anecdotal observations). That said I'm not sure what the order book looks like for this - however it's a large project & all things considered a very promising announcement and IMO I'm rerating the stock accordingly.
Ann: Contract to supply Powershore system for Barangaroo Station, page-5
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Last
$1.15 |
Change
0.010(0.88%) |
Mkt cap ! $343.5M | |||
| Open | High | Low | Value | Volume |
| $1.14 | $1.15 | $1.13 | $122.8K | 108.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 33387 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 13151 | 6 |
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| Last trade - 10.43am 29/07/2024 (20 minute delay) ? |
| ACF (ASX) Chart |