Also I forgot to mention that Tomlinson (TES) should have a great year in 2022 as well. Given that TES is forecast to make $1.5 -$1.8 million EBIT this financial year, FY21, then it must be hitting its straps as it has not performed this well in the five years for which we have history. And if the margins are consistent with the past the revenue must be considerably better than they were when EGL acquired the business out of administration. So maybe we will be looking at say $1.7 - $2.0 million EBIT in FY22.
Here (above) is what has been revealed. This year will be the best year since 2016 and if the momentum is maintained we will be getting around $30M of revenue and $2M EBIT.
If TES and Baltec IES are anywhere near these numbers then it would be good to see the Richardsons shouting from the roof tops. Time everyone was rewarded for the long patient road we have travelled. I'll put the bubbly on ice.
EGL Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
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