FUNDAMENTAL: 2019 financial year EBITDA of $24.1mNet cash...

FUNDAMENTAL: 2019 financial year

• EBITDA of $24.1m
• Net cash position of $83.5m -$14m (Sunrayasia) = 69.5m: sufficient cash reserves and working capital facilities
• Will paying dividends, with a 1 cent interim and 2 cent final dividend
• Expected FY20 revenue of approximately $700m - $277m EPC contract in relation to the Sunraysia solar PV project = 423m
• On 6 Nov 2019: CEO confirmed DCG is now 99% mechanically complete on the Sunraysia Solar Farm, cold commissioning is now complete and hot commissioning is underway and progressing well. Then, this ann. stated "All plant, equipment and components necessary for the operation of the Works (“Physical Works”) necessary to achieve Substantial Completion are now complete, with the Physical Works being delivered safely, on time and in accordance with the requirements of the Contract....Decmil believes it is entitled to an adjustment to the date for Substantial Completion and has escalated this under the dispute mechanism of the Contract.)

TECHNICAL:

• Announcement week down to Low 0.807 on Average Volume then Huge Volume this week with new Low @ 0.625 before Closed @ 0.675
• For every seller must be a buyer. Positive view is that Bargain Hunting Investors did accumulate more shares.