AAX 0.00% 39.5¢ ausenco limited

MM,I tend to agree with Harba. Don't believe they have serious...

  1. 198 Posts.
    MM,

    I tend to agree with Harba. Don't believe they have serious balance sheet issues and they don't really need to raise capital at this point in time. I'm a share holder, so I will tend to be biased, but when you look at their level of gearing, it is not dire.

    My belief is they will tend to have some small bolt on EPS accretive acquisitions once the SPP is out of the way. I believe there will be formal contract win announcements over the next 2 months too as their deal pipeline is huge.

    Fingers crossed there can be 1 major deal over the next 2 months. They will probably look for small bolt on acquisitions within the next 2 months.

    Happy Investing.
 
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