radgegadge, here is one but I have read plenty more similar articles:
Cost blowouts at Waratah leads Downer to book $190m impairment
UPDATE: Alex Wilson From: Dow Jones Newswires June 01, 2010 11:50AM
DOWNER EDI is facing losses on its Waratah train project and has been forced to make a $190 million provision for cost blowouts, the company said.
The Sydney-based Downer EDI has replaced the head of its rail division and said the recovery of additional costs will be difficult under the Waratah contracts.
The news took the market by surprise, with the stock tumbling 19 per cent to $5.09 per share at 0118 GMT, in a broader Australian market down 0.7 per cent, and analysts said investors would now be concerned that the project could face further cost overruns.
i see value at $4.58 - down 27% today, page-11
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add DOW (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$5.88 |
Change
0.010(0.17%) |
Mkt cap ! $3.626B | |||
| Open | High | Low | Value | Volume |
| $5.81 | $5.89 | $5.79 | $977.0K | 166.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1755 | $5.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.88 | 2358 | 18 |
View Market Depth
| Last trade - 12.39pm 04/12/2024 (20 minute delay) ? |
| DOW (ASX) Chart |
