Puts SDM on a PE of 8 and likely to pay a 6c final div. Problem is the macro for new coal developments (SDM's speciality) is deteriorating rapidly and i wonder how much of SDM's 'pipeline' will ever be converted into actual contracts. FGE my preferred choice in mid-size engineering sector.
Puts SDM on a PE of 8 and likely to pay a 6c final div. Problem...
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