I have some cash to deploy and it would suit me to top up my modest holdings here but between the underwhelming first half result, the grand expectations they set themselves for second half, the ongoing Decmil dispute and the lack of updates from the company I'm reluctant to wade in any further.
In theory, if projects are being delivered as planned and revenue is being recognised in line with their last announcement there's no need for a company update. I expect all of the $285m was projects already underway or confirmed to start.
I'd probably give them the benefit of the doubt if the Decmil dispute wasn't still hanging around like a bad smell.
SXE Price at posting:
53.5¢ Sentiment: Hold Disclosure: Held
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