Good value at $1?, page-42

Hartleys cut Decmil to "neutral" from "buy", with a price target of 82¢.
"Decmil Group has announced that it expects a weak 1H16 result.
"The company also announced that it expects to make a 'material' write-off to the carrying value of the Homeground village and that its monetisation has been put on hold.
"Contracting revenue guidance has been reduced to $300 million to $350 million (previous guidance was for FY16 contracting revenue to be $450 million to $550 million).

"Note that about $250 million of this is contracted at October 2015, and hence it seems likely to be achieved, with some possibility of exceeding the guidance.
"To help offset declining revenue, the company is targeting a reduction in overhead levels of $15 million to $20 million by FY17.
"The company expects the telecoms division to contribute in the range of $30 million to $35 million to FY16 revenue with substantial growth in FY17.
"Our earnings estimates assume an improvement in 2H, which is not without risk.

Source: http://www.copyright link/markets/equity-markets/decmil-expects-a-weak-1h16-result-20151123-gl61mn