PET 0.00% 2.5¢ phoslock environmental technologies limited

It is interesting but the numbers need to add up. Worley Parsons...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 579 Posts.
    lightbulb Created with Sketch. 292
    It is interesting but the numbers need to add up. Worley Parsons has revenue of 4billion with profit after tax of 75m. Phoslock is still getting its numbers sorted out so its too hard to call without seeing what those numbers are. Last reported numbers 9million revenue with a small after tax loss. How the contracts and tenders translate to numbers on the balance sheet is the key. There's a long way to go. A lot of risk involved and a lot of unknowns. Interested to see how this plays out and how the risk/reward paradigm shifts. So far so good though, potential is there. Good luck!
 
watchlist Created with Sketch. Add PET (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.