IMO removing the association with Adani and its proposed Carmichael Coal mine removes three things:
1. significant distraction for management in having to deal with the aggressive politics and public complaint/furore about coal, the mine, Adani, and the weaponising of these issues by Labor, Liberal and Green (noting also that Downer has to deal with Liberal and Labor governments as part os its businesses)
2. a barrier to current and potential investors in DOW (several of whom may not want to be part of the biggest new coal mine)
3. risk of commercial loss from dealings with Adani (which does not have the highest of reputations for its dealings with contractors)
So thumbs up from me!
IMO removing the association with Adani and its proposed...
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$5.76 |
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