01-03-2022, 01:47 PM
Hallelujah! BBR at last reports a half-year profit…. after >3 years of continual damaging losses. Hitherto my mindset was that there are three certainties in life: death, taxes …. and BBR loss announcements. And to my (pleasant) surprise a dividend has been declared, albeit at a modest level.
My hope is CEO Andrew and his Management Team now rise to the challenge of eeking out sustained positive earnings & cash flow, and generating dividends, rather than focusing on a pursuit of academically intriguing construction techniques. I suppose much will be linked to BBR’s LINQ development (dreadful pun intended). Why am I not holding my breath? Possibly because I have learned that with this company order book size - now quoted as S$ 187 Mln - is not necessarily a sound litmus indicator for future earnings: too often flawed project execution has resulted in negative margin projects, eroding shareholder value.
Vested, for some time (possibly a mistake).
My hope is CEO Andrew and his Management Team now rise to the challenge of eeking out sustained positive earnings & cash flow, and generating dividends, rather than focusing on a pursuit of academically intriguing construction techniques. I suppose much will be linked to BBR’s LINQ development (dreadful pun intended). Why am I not holding my breath? Possibly because I have learned that with this company order book size - now quoted as S$ 187 Mln - is not necessarily a sound litmus indicator for future earnings: too often flawed project execution has resulted in negative margin projects, eroding shareholder value.
Vested, for some time (possibly a mistake).
