Was just about to post again when i saw yr reply. Of course some...

Was just about to post again when i saw yr reply. Of course some of the $1800m 'new' wk accrued in fy17 will be long term and spread across 3-5yrs eg their maintenance contracts. Construction of course is different.

Its difficult to know how much remains in order book come 30/06/18 but we know MND's annual revenue and the new additional orders gained (this far in fy18) are not sufficient to maintain fy18 rev in fy19.

The SP is an sum of many parts incl MND's exc reputation. But however one calculates it the number/size of new contracts forms a crucial part. At $15.56 i feel MND is overpriced. Some hold it for divs rather than growth... and at say 5.5% gross its not bad. But i reckon its has a fair amount of risk and i wonder if Mr Mkt has calculated what fy19 is likely to bring. As you know I will short stk again... at the right price. I'm hoping it will surge aboce $18 but as each month passes with no contracts my hope looks forlorn.