I appreciate all your comments in relation to the new contracts,...

I appreciate all your comments in relation to the new contracts, new business and Decmil but from my simplistic perspective I just look at SXE in the following manner.

* The Decmil worst case scenario has already been well and truely priced in to the share price I suspect. ( There are 247.6m shares on issue plus the 11.9m shares to be issued in relation to the recent purchase. Assuming a $11m non cash writeoff that works out at about $0 .042c per share worst case.) The SXE shares fluctuate you that amount on daily basis sometimes so what.

* At the AGM it was stated that the Decimil case goes back to arbitration next year lets see what happens.( These type of issues arise from time to time but are historical and I am more interested in the business outlook.). (The historical issues will be fixed at some point in time)
* By completing the Decimal project they have protected their name and reputation.
* Hopefully SXE have learnt a lesson and that protocols have been put in place to stop a repeat of this situation.
* That they do not deal with Decmil again without proper mechanisms in place and hefty fees.
* Hopefully they have improved their margins. The new business should allow them to get some synergies plus pick up some profitable jobs in Victoria with Dan "throwing" all the money around without any controls.
* Now tham Covid has gone for the time being and the business has been purchased they should be able to pay an interim dividend.
* The forward order book looks good providing its profitable but based on past performance it should be.
* SXE pays a decent fully franked dividend.

DYOR