HST is a moderate risk company in that it traditionally depends...

HST is a moderate risk company in that it traditionally depends on large projects eg.big office blocks,hospitals etc to gain work. Office construction is dead and likely to remain so for yrs to come. But i bought HST (again) yesterday at 1.61 as i read it is expecting significant rev from govt infrastructure in 2010 and 2011. At a presntation a couple of months ago by Hunter-Hall they said HST is a significant beneficiary of the hundreds of schoolhalls being built with Rudd stimulus package. The UK aquisition has been a dissapointment and is likely to remain so as recession in Ireland/UK continues with no end in sight. UAE is currently only 10% of rev but likely to grow IMO. HST are concentrating on the states with big gas/oil supplies and not on Dubai where the strife is. I expect a 10c div in FY2010. Not going to break records but in a stable mkt SP could return to $2.oo mark. DYOR.