CSE Global

CSE Global: has secured an order to engineer, procure and construct a Teleco Systems for a LNG Facility in Australia. This order is one of a number of large orders that CSE have been tracking over recent months. The group has also been awarded a contract to engineer, procure and install two Molybdenum Roaster Hearths in the USA. Total value of these projects is ~$36m. The stock trades at 7.9x P/E. 3Q12 results due today after market.