SWL cracking announcement and with under 90m shares on issue....

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.