I think Downer is a bit of a mystery atm. Share prices back to the same as when I bought a few for a while a way back.
“
Railway engineering company Downer EDI's (ASX: DOW) annual net profit dropped 61 per cent to $71.4 million from $181.5 million from the previous corresponding period.
Total revenue for the Group increased by $4.8 billion, or 61.5 per cent, to $12.6 billion.
They declared a 50 per cent franked final dividend of 14.0 cents per share.
Results are in part due to the costs associated with its takeover of services group called Spotless and write-downs of its mining business.way as some of those other big Australian operators although I have heard word from the field it is doing an excellent job wherever it works.”
https://www.finnewsnetwork.com.au/archives/finance_news_network180349.html
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Downer EDI has warned of "delays" in getting new mining contracts after announcing it will take a $77 million pre-tax write-down on its mining operations.
"Mining's historic high levels of returns have reduced significantly due to non-renewal of two material contracts and delays in securing alternative contracts," Downer said on Monday.
https://www.copyright link/business...-writedown-on-mining-business-20180204-h0to5n
One Christmas Creek for FMG when FMG said it would do it itself in April 2016
https://www.smh.com.au/business/for...ail-tenders-in-spotlight-20160405-gnyi44.html
The other was Adani?
Can it afford to buy anything else? Especially Lendlease Civil -something so big that’s been practically ‘brinked” out of existence ?
...Banks would be feeling nauseous after RCR.
Meanwhile WAM guy thought bits of BGC would be attractive to maybe NRW or Maca ...
Whatever is goingon out there for the rest of the world, right now it would be a useful time for Maca to pull a nice fat, juicy, nicely diversified rabbit out if it’s hat.
Also Do you have any experience ,.preferably long experience with Managenent here Nightmarez?
I heard some negative opinion about it today.
Cheers
