Congratulations to all long term, patient holders.
A very strong result. FY18 EBIT at lower end of guidance, and suspect Telfer turnaround taking some of the gloss of there.
Its all in the order book and guidance, including profits at Telfer.
Very encouraging wins of Australian work which had escaped my attention, providing assured basis to "wash" the tax losses next few years. Tender pipeline with existing clients alone is very assuring. Illustration of potential 3 years of revenue growth should put a rocket under share price.
At low end of current year EBIT forecast, and a 10 times multiple, this should be close to 35 cents.
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