A lot of really good comments here on this. I'm another long...

A lot of really good comments here on this. I'm another long term holder of the stock (circa 8 years) and agree that there always seem to have another excuse to make a profit.

Personally I think it is time for a complete spill of the board, sack Munroe and put in some people who know how to run a construction business at a profit.

The share performance over the past month, based on limited announcements suggested something was up and our suspicions were right.

I'm sure they'll get their bonuses though. Might have to attend the AGM later in the year and ask some questions about how they can preside over a 50% decline in shareholder value in the past 18 months, not make a profit on a billion dollars of work in hand and still keep their jobs.