question17 Feb 2014 10:55
Reading the rns, I don't think any business has been lost but due to a lengthier bidding process in aus, the bids which were expected to be awarded haven't come through yet and profitability is affected by aus dollar exchange rate. That said, due to aus govt's increased commitment to infrastructure there are more contracts up for grabs. In the middle east, project delays have reduced the profit margins. UK business is strong. That's my take on it. I took the plunge after the drop last week and normally I would wait a little while for the dust to settle but I feel there are a lot of positives and solid foundations which you don't often come across in aim listed companies. I was down about 5% more on Friday but not unhappy as I am looking longer term and like you I think this is a good little company. Good luck with whatever you decide to do