ann out shocking, page-17

I'm in and will pick up more. Should be another buying opportunity when margin calls go off.

The software problem sounds like an excuse to postpone delivery until after the election. I think Downer have buckets of money and they are throwing it around. Retirement payouts are on the cards.

Over half the provision covers risk that is unlikely to eventuate. If there is asbestos in the roof of the Cardiff plant, then it in the owner's responsibility, not the tenant. It seems unlikely the NSW gov will sue Downer for delays that are the fault of Railcorp.

Long term I think we have to be near the bottom for Downer. Soon Waratah will be a forgotten project and the big mining projects worth billions will become the focus. Expect the half-yearly report to paint a bright picture for the future.