I agree NPV is around $7 based on 2011 EPS of 50-55 c as...

I agree NPV is around $7 based on 2011 EPS of 50-55 c as guidance supports.

Strong cash position, order book growing, potential acquisition and general placement of this company supports growth which is not fully factored in.

Downside risks are contruction risks or contract blow outs, weather conditions or a sharp down turn in global economies.

Some ramp up in dividends would be good to see and perhaps some larger sized Contracts, $100 mill plus.

Addition to more broker radars and inclusion in ASX 300 would also support a re rating.