Todays big contract win adds about 10% more revenue. Unlikely to see overheads go up, so to answer your margin question, it should be at current margins or better.
Todays contract win reinforces that they are going well on NBN, being one of only three contractors awarded a D&C contract. NBN would only hand this sort of contract out to companies they trust (Downer and Fulton Hogan the other winners). Might dis-spell a incorrect market rumour and the stock should have more upside, even post today's big win.
Todays big contract win adds about 10% more revenue. Unlikely to...
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Last
$1.40 |
Change
-0.005(0.36%) |
Mkt cap ! $854.6M | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.40 | $1.39 | $193.3K | 138.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 20658 | $1.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 8733 | 3 |
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| Last trade - 12.08pm 01/08/2024 (20 minute delay) ? |
| SSM (ASX) Chart |