CLO 0.00% $1.46 clough limited

clough engineering

  1. 1,950 Posts.
    just finished speaking to someone at clough about the profit warning.they drew my attention to the wording of the warning MAY POST A LOSS he said thaat it was not a foregone conclusion and that clo are working on fixing the two contracts that they are concerned about and could sort the problem out shortly .he also went on to say that the balance sheet is very strong with well over a 100 mil in net cash and the order book and work on hand very strong and expectation of significant contract win success to come in the second half as well as payment from the two contracts that pulled down last financial years profit .wrongway
 
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