Great new video here showing more on the MEnD Division and why this is a moat for Duratec. This seems to be one of the key reasons Duratec has been so profitable and has had no serious losses on projects over the years.

https://www.youtube.com/watch?app=desktop&v=heJcULrrCgc

Good presentation and brief Q and A with CEO Phil Harcourt this week here - https://www.youtube.com/watch?v=FfltJKQyCdY

Looking forward to Strawman securing a session with them soon, so we can dig in deeper but without the tech glitches at the start!

Good news day for Duratec. Very nice trading update as management continues to under promise and over deliver.

In addition the significant increase in Defence spending announced by the government this week, should be a tailwind for them. The new equipment will need to be stored and serviced etc in new or upgraded buildings and given that the Defence department is currently 40% of their mix, you'd expect this will be helpful over time. Not sure if us ramping up our weaponry is great for humanity but probably good for Duratec!

Disclosure: I own DUR in both personal and Strawman portfolios