trading halt, page-207

mongy, not sure how anyone can back FGEs track record anymore. These are inherited contracts but the way they have been miss managed worries me. The directors admitted they were basically not looking at these contracts and were not even talking to the project manager in any form when they previously did do reviews. A $150 million dollar hole is more than a hiccup, that is 3 years NPAT before these issues. It appears they were too focused on winning work at all costs rather than managing work in hand. The old 'it runs itself' mind set!