I work in the business. I agree civil contracting is going through a boom, but margins are incredibly tight in NSW with the big overseas players coming in (Acciona, Samsung, CCCC/John Holland, OHL) and there have been some shockingly bad loss making road projects recently.
Turnover is for posers, profit is where its at. No good winning work for the sake of turnover and doing your nuts in the process. DCG will be competing with established players like BMD, Seymour Whyte in terms of the Tier 2 companies and there is plenty of competition at the Tier 1 level. Building infrastructure in NSW is a risky business with tight margins and terrible weather for civil projects.
DCG Price at posting:
$1.00 Sentiment: None Disclosure: Not Held
