While higher mobilisation costs in the Bulk division compressed margins, the analyst highlights strong revenue growth of 9% due to new contracts.
Management guided to earnings (EBITDA) of between
Ord Minnett retains a Lighten rating and feels the key to a multiple re-rate resides with greater clarity on the East Coast Rail divestment and greater Bulk earnings. The target rises to
Sector: Transportation.
Target price is
© 2022 Acquisdata Pty Ltd., source