Agree, the surface level of this shows they were carrying some very optimistic contract resolution ideas for variations which does reflect well on their commercial or estimating teams. The biggest red flag to me is that these unrealised variations we were booked as.profit in previous quarters and are now being reversed out en masse. You have to wonder if there's going to be other reversals coming in the future.
I noticed they recently scaled back their job advertising big time too. Definitely less social media ads and billboards meanwhile it seems Linkforce have gone in the opposite direction.
- Forums
- ASX - By Stock
- AE1
- Ann: Preliminary Financial Report Incorporating Appendix 4E
Ann: Preliminary Financial Report Incorporating Appendix 4E, page-7
Featured News
Add AE1 (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & MD
Charles Armstrong
CEO & MD
Previous Video
Next Video
SPONSORED BY The Market Online