considering i sold out, this is just for interest, but why would you guys not expect the market to react this way? this company has forecast earnings of $4M this financial year and $6M next year, and they just got hit with a $4.5M claim from Thiess. Thats the entire years profit gone unless they can get out of it, and we are talking about one of Australia's biggest contractors making the claim. Easy to tell your shareholders you are not going to accept the claim, quite another to go into court against Leightons and try to recoup the money - and I am sure they have a different version of the 2 day late story if they are pressing these damages.?
NOD Price at posting:
16.0¢ Sentiment: None Disclosure: Not Held