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My estimates are lower. Management today forecast 2H13 EBIT to be around the same as 2H12 which was 15.9M. So FY13 EBIT will be 23.5M (7.6+15.9). This would include any cost savings.

Finance costs in 1H were around 2.5M, so lets assume full year is 5M. Tax rate was 17% in 1H, and 27% last year, so let's assume 20% for FY.

My estimate of FY13 from continued operations is 13.5M - deduct the 1.5M for discontinued loss from 1H and we get overall FY NPAT of 12M - or EPS of 7.5c. Many companies in the construction sector are currently trading on PE's of 6-7 - this gives SP support around 50c.