RE:RE:RE:RE:DOE target/email from CEO...I completely agree with you, Smiling Dog. In three years' time, once they are generating high-margin recurring revenue and have line-of-sight on more, then they will have plenty of options for acquiring projects/businesses or introducing a dividend or share buybacks. What they have to do is show the market their backlog is legit. Once they do that, I think we'll see a significant re-rating in the share price.
SmilingDog wrote: I agree - the organic backlog AND pipeline are so robust I'd be surprised to see them go out and acquire anything.
I imagine these comments might be for a few years out (2024+) once UGE becomes a cash flow machine - at that point it starts to become a question between project/company acquisition vs capital return (either dividends or buybacks) - as we know the organic growth requires little to zero equity capital (each project has a positive working capital position given debt funding up front).