It's been a long stretch of poor performance. However, it's silly to extrapolate 2020. It was probably the worst year on record for offshore EPCI providers.
This industry is cyclical. If they can pull through this downturn without a dilutive capital raise then the future looks bright for shareholders. The strong balance sheet over the last few years almost certainly saved this business.
The company is expecting 'strong revenue growth'.
Also this from Rystad:
It's been a long stretch of poor performance. However, it's...
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Last
31.8¢ |
Change
-0.013(3.79%) |
Mkt cap ! $69.70M | |||
| Open | High | Low | Value | Volume |
| 32.5¢ | 33.0¢ | 31.8¢ | $70.00K | 212.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13142 | 31.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 22227 | 1 |
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| Last trade - 11.34am 30/08/2024 (20 minute delay) ? |
| MCE (ASX) Chart |