Cheer up everyone. A bad day on the stock market today but take a look at BLY's peer McMahon (MAH). They just had their AGM today and have announced a much improved outlook and this would equally apply to BLY.
Well worth reading the whole of the announcments on MaH as they pertain to the outlook for the industry that BLY is in but for those too lazy I quote a bit from the CEO address as follows...
(from N Bowen address to shareholders)...
"Importantly, tendering activity is presently very strong across all areas. In fact, the increase in
tendering activity has surprised us, both in its quantity and speed. Looking back six months ago
tendering activity for Government infrastructure works was still high, but work within the resources
sector had dried up.
The picture today is vastly different with resource activity picking up and importantly, this increase is
being seen across almost all commodities. In fact, we are busier with tendering now than we have
been at any time in the past two years."
construction projects taking off.....
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)