forecast for fy13 year-end, page-6

Mkt didn't think too much of big engineering gun MND's yr end result with SP slipping almost 7% on goodish TO. LCM SP has been one of the most stable in MS sector the past 7 weeks. Others (eg. ASL) have fluctuated widely. Probably due to LCM being fairly thinly traded and not enough shares for shorters etc to play with. Also indicates mkt expects a good result similar to or slightly above last yrs. I'm going to focus on margins and outlook statement. MND's margins have shrunk significantly and they expect similar in FY14. Fortunately LCM occupies a niche in LNG sector with contracts too small for bigger players to consider vying for. Suits me if it stays that way. Hold and await with interest. A small lift in final div will confirm management are confident in future.
PS. Its worth reading MNDs statement as it paints picture for the current/future scene in MS sector. Without oil&gas MND would have undergone a huge fall in rev and earnings. Coal, gold and base metals unlikely to see much new wk at all in next yr or two. Any contracts will be closely contested incl those for maintenance wk.