Thanks R21
That's great info. I was trying to guess what book assets the East Coast had - as you say, that does look good on paper if it's right and it gets up and the contracts are solid. It would do eps no harm at all!
NRW Action Drill and Blast has about $60m in book assets and did $80m in Revenue in FY2016 with earnings margin of only about 3% but they said the second half margins were better than the first so maybe 4%+ ongoing. ADB did win some contracts but also lost some revenue - Middlemount renegotiate down and FMG Cloudbreak finished. Hard to tell but I think they would be up on Revenue a good bit after this +$40m.
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Thanks R21 That's great info. I was trying to guess what book...
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