TSE transfield services limited

With the 1.22bil Govt project signed and on-the-way, I am...

  1. 275 Posts.
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    With the 1.22bil Govt project signed and on-the-way, I am wondering what we should be expecting for FY 2014.

    a) Debt reduction?
    b) Observation of cost incurred for this new big project (so that TSE does not overrun its cost)

    I also notice, aside from this 1.22bil project, there havent been much projects won by TSE. Five (incl 1.22bil project) in the past one year:
    i) 190mil - Feb 2014 announcement
    ii) 240mil - Dec 2013 announcement
    iii) 365mil - Jun 2013 announcement
    iv) 157mil - May 2013 announcement

    Although, if combined it looks reasonable, these projects span across several years (not forgetting TSE needs to incur cost on these projects too).

    Appreciate feedback on this.
 
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