Good increase in op cash flow and slight increase in revenue but...

Good increase in op cash flow and slight increase in revenue but down in everything else including NPAT (luckily they got their R&D offset).

If you can bag the dividend then go for it .. but hardly one to put in your SMSF??

"and moreover the company is well managed, are diversifying and growing through well executed acquisitions" .. yep tell that to the shareholders that bought in at $1.63 .. or 70c .. not well managed enough to see the downgrades coming.

CGH's EPCM business is shrinking fast and their profit is dropping. G&S were factored in for the full 6months .. this is as good as it gets for them now .. so with the CAPEX drop off this year and more so next year and their once largest part - Rail - shrinking 50% then good luck.

The increase in cash flow was the only good part of the announcements ... dont care about revenue if you cant get more profit.

But still they did much better than AAX and obviously FGE ;-)