breaking 35 cents will mean..., page-20

ERG is still a great company, sales turnover of Total revenue for the year was $263.8 million, which includes proceeds from the sale of assets relating to the Rome project.

ERG is turning around now and is a bargin at these prices, has been moving from 28 cents to 34 cents, next it will be 34 to 40 cents then who knows where, it might then be pushed up again by insto's once they see ERG isn't cheap any more

The increased level of revenue within the supply and installation segment of the business reflects the new projects that are now well under way including Sydney, Seattle, Stockholm and Gothenburg.
Chief executive Dr Allan Sullivan said: "The transformation of ERG's balance sheet and operations undertaken in the past two years has seen the stabilising of our operating performance.

The board believes that in view of the improvement in performance observed in the second half of the year, and with the conclusion of the rights issue, the company is now positioned to return to profitability through the successful delivery of its order book, supported by an appropriate balance sheet and cost structure.