No worries. I am happy with the financials of the business - i guess fundamentally without finding the mentioned timeline of work, and not having as good of a grasp over it I am just wondering how lumpy the forward book/revenue coming in is. It seems in the latest financial report they are loooking for acquisitions that will have a long term sustainable order book i.e. not lumpy and ad hoc unpredictable as say the mining and commodities services area tends to be and with a decent profit which is great. It's more of the current business as it stands where I need to find some more info on what the work is like going forward. I can understand to those looking down on the financials they could interpret revenue and profit as on a downhill slide with the expectation that WA is only going to get worse and contracts harder to find, or even lost as work is cut - which is probably what the market is worrying about.
Stilll good to see a business without a debt strangling you. Cash and less debt is always alot easier to sleep at night even if the stock is meandering, as at least you know there isn't a noose slowly strangling you at night.
Looks like trade is pretty quiet today...guess it's a good thing if there are a few profit takers at 4-4.1c and abit of a pause.
Wonder what sort of businesses they will go into , seems they are ok with looking outside mining services due to the lack of a forward order book?
RDG Price at posting:
4.3¢ Sentiment: None Disclosure: Not Held
