It’s all about appetite for risk from here. Most listed asx construction companies have gross margins between 10 & 15%. I can’t think of a construction company that didn’t bottom during COVID. As stated by others a reasonable funding facility could double this overnight and further project announcements will provide further support for the SP. If DEL deliver this project within budget at near a 10% gross margin and considering the two year contract to follow, I struggle to imagine how it could trade below 10-15 cents. Too many times investors jump as the turnaround story begins to unfold.
GLTAH
Cheers Rb
Ann: December 2023 Quarterly Activities and Cash Flow Report, page-15
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Last
10.0¢ |
Change
-0.010(9.09%) |
Mkt cap ! $21.57M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 10.0¢ | $58.27K | 548.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 134080 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 86726 | 1 |
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| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| DEL (ASX) Chart |