Re:FANTASTIC...16 Jun 2008 10:06
Hi citygirl. The new contracts are not expected to start, particularly the Bell Common Tunnel project, until Aug 2008 and will not complete until lete 2009. The share price should hold up well but there will not be any wild swings. The feather in the cap contract is the pfi Manchester contract, but the two new contracts announced today will improve significantly cash flows. Contracts won from the Highways agency total a staggering 3250mns so far, that is some workflow, margins are tight however.