Margin Revision with be 25% to 30%The current margins are 20% and management stated that business is very strong and there are getting margins that are exceeding 20% regularly.
Therefore they will UPGRADE the margins.
I think 25% to 30% levels.
They are dealing in very wealthy Arab countries who do not care about paying high margins, they care about the professional work.
In Canada if you deposit $ 10 million, it will raise red flags. In this particular Arab country $ 10 million in pocket change.
I had a friend who had visited this country and he went with $ 10 million in funds, to buy property. No one was interested in meeting him as minimum bid were $ 100 million. The amount of $ 10 million was just too small.
All to say, that NCI is in the HIGH MARGIN business until 2030 by operating in that country.
Those who sold at $ 1.50 will be buying back at $ 2.50 soon enough.
Good Luck,