Agree regarding DOW's Works division will unfortunately for the people of QLD, be seeing a fair bit of work come there way. The list of services affected is enormous in quantity and capital required for repairs (and length of time to repair). Road resurfacing, rail/signal repairs, water works, sewerage works the list goes on and on.
Almost 50% of DOW's revenue and EBIT comes from its works division. Supply of contracts shouldnt be a concern over the coming 2 years in this division.
I have no position yet. Likely to however over the coming days.
nab is putting a lot of money on this one, page-4
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$4.86 |
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