Don't forget what is happening here. The company is continuing to transtion away from the Foxtel work, which will be drying up. Be interesting to see the detail with the annual accounts.
On the HVAC side, in additional to the internally generated growth, this new purchase is the second HVAC business purchased. Both from internal resources with no significant dilution. Both have numerous smaller clients and nice long term resistant earnings - which balance the risk from the large hospital contract. This latest one focuses on HVAC for resource companies. Tick.
There was earnings downside risk and uncertainty, but imo this is now much reduced.
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