re: Ann: LLC: Lend Lease awarded NBN contract...
The share price leadup indicated such an announcement would come. It ended up being a must win contract, when reflecting on the last 12 months of contract wins
WA Contract - 50% of annual $87 m ($174m = 2 years) SA/NT Contract - 50% of annual $70.5m ($141m - 2 years) Fuijitsu Contract - $35 m p.a LGIS Contract extenion - $20m (annualised) til Dec 2012 Origin Solar - $150m p.a for 2 years (hinged on no changes to solar rebates - think NSW Gov announcement in march in terms of subsidy cut) Jemena smart meter rollout - $16m annualised (30 months)
That's just about smack on a (legislated solar subsidy contentious) $299.5m. Another contract and soon please SSM as there still appears to be a lot to do if they are to maintain $600mill plus in revenue even if you say so ....
If so - less debt and weire closer to dividend.
SSM Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held
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