re: Ann: Project Won - $42m Gold Coast Light ... hi ormond, yes...

re: Ann: Project Won - $42m Gold Coast Light ... hi ormond,

yes , they have a carved out a good niche in queensland with some major government organisations having worked with them . still undervalued , I guess a lot of broker coverage will start after half year with forecast's. As they said in annual report they are expecting a slight fall in revenue for 2010-2011 but expect a strong 2012 with major contracts coming in then with the cash rolling in. a good investment for a long termer with infrastructure spending always on the agenda. any others u got in the same bracket ormond? i saw the telco u were in , run away from me , was great value when it was trading at only 5.5 Ev/EBITDA ( at 65 cents) , now more expensive.
In comparison SWL is still at 5.5 EV/EBITDA with about the same ROE .
good luck