I agree Kansai72. I would much prefer no dividend and repayment of debt by the company to get some breathing space and derisk the company to allow the share price to appreciate and then perhaps a capital raising when it got back to $1.50.
I would imagine that there will be considerable work in Queensland for the company over the next 18 months following the horrific floods. A lot of air conditioning, plumbing, refrigeration, fire equipment etc damaged and will need replacement right across the state.
The amount of work in Qatar over the next 10 years leading to the World Cup will also be significant. Extremely good long term buy if they can improve the debt:equity ratio in the next 18 months by earning solid profits.
HST Price at posting:
85.7¢ Sentiment: Buy Disclosure: Held
