Ann: VDM awarded $56 million of new works , page-4

This means revenue amounting to more than double what the company is worth on the market. Of course it is good news and I'm happy to hear it, but my faith in management has recently been shaken by their habit of coming up with one time only writedowns and the like.

As a result, I have a hard time getting enthusiastic about this. Until management can demonstrate that they can regularly win work and make money off of it, I will remain suspicious.

But oh how I would love to be wrong on this!