There is a combination, DOW and ORG, both leaders in their field.
DOW is clearly the contractor of choice in Australia IMHO, in infrastructure (rail, streetcars (or should I say Tramcars, in fact Melbourne has the biggest tramcar network in the world), contracting to mining, minerals and gas not to mention making the rolling stock that become the trains.
Is WOR really an Australian contractor, it seems to do everything everywhere else? Is MAH still around? DOW seems close to being an effective monopoly.
On the ORG front, it is similar to DOW in terms of integrated monopoly status and has been oversold as well IMHO. Is AGL going to remain only a downstream utilities company unlike vertically integrated ORG?
Ann: Announcement of buy-back - Appendix 3C, page-12
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