A high Calibre float?

If you can get Calibre stock from your broker, you might make money. But don’t hold on to this risky, iron-ore dependent business for too long.

This company didn’t exist before 2002, although it’s not Facebook. Operating earnings are forecast to more than double between 2009 and 2013 but it’s not Apple. In fact, it’s not a technology company at all.

Instead, Perth-based Calibre Group provides engineering services to clients like Rio Tinto, BHP Billiton and Fortescue Metals. This new listing is a perfect example of the ‘two-speed economy’, with Calibre firmly in the express lane.

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