Like the announcement about Roy Hill work, this announcement leaves out more than it includes. No value of the project, but let's assume $1.137bn NZ dollars, or about $1bn AUD across 115 schools, therefore say $9m AUD per school. The margin wouldn't pay the salary of even one of Decmil's two CEOs!
No mention of timing and still no mention of order book for FY16 even though we're actually in FY16 already.
Plus they have no schools experience.
$1 here we come.
DCG Price at posting:
$1.18 Sentiment: Sell Disclosure: Not Held
