Icompletely agree they could improve communications.Some things...

Icompletely agree they could improve communications.

Some things I picked up in recent announcements. Correct me if I am wrong..

FY23 Started with $86M contracted, $58M from FY22 carry over and $28M fromFY23. This turned into $304M revenue which was soured by the IBO project. Theycommunicated this really badly by suggesting they had no idea until the day ofthe report..

15th August 2023 they announced $105M Simpec Contract to be completed byFY24.
31st August 2023 in Preliminary finals they announced FY24 Contractedrevenue was circa $155M
9th November 2023 they announced $47M contract for Alltype to be completed byend of CY24.
They also announced they expect Allytpe to realise revenues in excess of $100Min FY24

Based on this I have projected out a conservative 2HFY24 of $73M for Simpecand $61M for Alltype. This gives a total revenue for FY24 of circa $246M.

Now, if you include some further assumptions around GP, EBIT Marginsetc, you get a FY24 earnings of circa $6.4M, or EPS of 5.8c, which with aconservative PE of 5 even = 29 cents per share.

Sure, there are a lot of assumptions, but the values used are aligned withhistorical averages (when considering IBO as an outlier, which @ aglance, looks like around 4.5%-5% blowout, or about $6.5-7M), andtherefore completely plausible in lieu of any other information.