Ann: SWL Announced as Preferred Contractor for Port of Brisbane-SWL.AX, page-2

SWL cracking announcement and with under 90m shares on issue. Should move quickly once the news spreads IMHO, maybe more of a ST trade as appears to be tightly held.

SEYMOUR WHYTE ANNOUNCED AS PREFERRED CONTRACTOR FOR PORT OF BRISBANE PROJECT

Diversified contractor, Seymour Whyte Limited (ASX: SWL) today welcomed the news that it has been selected as the design and construct (D&C) contractor to deliver the Port Drive Upgrade for Port of Brisbane Pty Ltd (PBPL). The announcement as preferred contractor for the $83m contract, along with $52m in recently secured work announced in May 2016 for the Showground Road Upgrade and Nepean River Bridge projects, will increase the Group’s order book to $380 million of which $290 million is expected to be delivered in FY17.

Paid a decent dividend last year as well 8cps.