Just to chime in and be the optimist in this group, I like this announcement for a couple reasons
Quickstep has demonstrated ability to quickly deliver an order well within time frame with no excuses, milestones like this are often required by larger contractors especially with the recent history of Qhl. The grant while modest to some represents 8% of current market cap. I want to see significant positive ebitda, and a positive npat even if it is tiny. Operating cashflow is actually really high for a company of this size, and hopefully on some institutions radars. What price does everyone think this could be voted on in a takeover offer scenario? I think aussuper is holding at >90c?
Ann: Development Engineering business update, page-26
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