Do you think we are due for a guidance upgrade now?
Just doubling the first half (and a bit of nudge for projects with revenue/ebitda mostly 2nd half) would see our first half 29.4 mill rev and 14.8 ebitda turn into a full year of about 62-63 mill revenue (within current guidance), but ebitda $31-32 mill (well above current guidance of 26 mill ish).
Since the vast majority of ebitda was BOO, I cannot see it falling away - just growing. The EPC is cyclical - and it performed very poorly this first half 3.5 mill revenue for 320k (only) ebitda. MIND YOU, GCY and Kundana are what we wait for, I guess. Obviously they are fully in half one, but no guarantee they will be completely in half two. So maybe we just need to wait 4 or 6 weeks for clarity on that.
Do you think we are due for a guidance upgrade now?Just doubling...
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