Bullish Sign? - Bounced off 200 EMA, page-2481

Good morning everybody
I sm anticipating a bit of rose colour to the clear light of hindsight this morning after Wall Street bounced or bounded or rebounded or turned the tables or reverse-spat-the-dummy or did whatever it is that it’s done most recently in it’s mad spin towards ‘death or glory*’ but who knows?

So in line with the tradition of our regular Tuesday quiz here is this morning’s question:

If all this rattling and bucketing was happening in an aeroplane I was inside of I wouldn’t be just looking for the sick bag, I’d be

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you have to write your own answer )
* ¿ʎɹoןƃ




In order to set the tradition, here is another question :

Who wants Watpac’s civil and mining?
If NRW, then Jules was playing his hand very close to his chest at the AGM ....
Remember in July ...about the same time York Civil was in desperate discussion with two entities to save it from administration there was this: https://www.copyright link/street-talk/bids-lob-for-watpac-mining-business-20180717-h12s0g
“Three months after putting its struggling mining business on the chopping block Watpac may be getting some traction.
Sources told Street Talk an offer for the division has been lobbed by a private Australian company in the range of $50 million. ..”

The latest news is that the sale is likely to be announced any day ?


Watpac chairman Peter Watson apologises to shareholders

• 11:00PM NOVEMBER 13, 2018

Watpac has apologised to shareholders at the group’s annual general meeting for the poor performance of its civil and mining arm before revealing that several parties have offered to buy the struggling business.

Watpac turned in a pre-tax profit of $20.6 million on the back of a strong result from its construction business, but its civil and mining arm fell to a pre-tax loss of $49.6m.
Chairman Peter Watson yesterday said the result was “not satisfactory nor excusable” and the company was exploring options “for rationalisation and divestment of surplus assets within the civil and mining business”.
“Shareholders, while this result has again been one that has not met your expectations, the group is in a strong position with our construction sector diversification strategy resulting in greater conversion success as we undertake more complex work,” Mr Watson said.
Managing director Martin Monro said Watpac’s repositioning towards a priority sector-based portfolio would put it in a better position. He said the company was focused on executing its construction strategy and had a good depth and mix of work-in-hand.
The company’s share price was flat at 92c.

Mr Watson also revealed that Watpac had received interest from “several parties” in the WA civil and mining business, with the board considering one as an option.
Belgian company Besix Group last week took a controlling interest in Watpac.
https://www.theaustralian.com.au/business/property/watpac-chairman-peter-watson-apologises-to-shareholders/news-story/