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Interesting though they did not repeat the previous guidance for...

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edshann

2,319 Posts.

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24/05/18

15:36

Post #: 33293193
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Originally posted by Mickem ↑

hi all
great announcement today. personally not worried about the short term target of sales by 30th June, looking at the longer term picture which is building the work on hand and future sales. doesn't matter which quarter the money comes in as long as its coming. with $10m to $12m already for next fy on these 2 projects plus i believe there is another $5m contract due in the next few months, next fy is already starting to shape up well.
the company was working on 5 projects in china i last read so a few more still to come though, add in sales to the rest of the world, any new stuff coming out of china plus don't forget these framed sales agreements to other users in china ( value unknown) not hard to see where the $40m plus figures coming into play next fy.

good to see the market reaction today hasn't concentrated of the short term downgrade this fy.

thanks
Mickem

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Interesting though they did not repeat the previous guidance for 2018-19 revenue of $40 million given at the AGM. They would be wise to give a much wider range.

PHK Price at posting: 31.0¢ Sentiment: None Disclosure: Held
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