Agree - so much for ASX rules for directors around continuous disclosure. The post balance date sale of wagons over 2 years is buried in the notes with sale price $6.61m against Bsht carrying value of $2.2m - no doubt most of the profit may get recognised in on this sale in FY2020 or 2021. Multiple tranches to this contract with Tier 1 player??
Also the froth in Report with vague comments of "investment in strategic inventory" and "calculated investments in development and growth projects".
The Collins Class submarine refurbs being discussed at Senate Estimates (if they go ahead) may provide EGN reasonable contract work opportunities & a share of these Navy contracts seems reasonable however these won't be finalised for months if not before 2020. Also suggestions of NQ rail restoration works around Mt Isa and Infrastructure opportunity are really 2020 and beyond. Why is EGN a listed company given Elph and the other Top 20 shareholders control about 90%.
Agree - so much for ASX rules for directors around continuous...
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Mkt cap ! $55.26M | |||
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