FGE is a relative small, Australia focused, contractor operating...

FGE is a relative small, Australia focused, contractor operating in a small sector of the construction market who were unable to recognize when one or two projects were going bad. They also have highly incentivized management, some with significant skin in the game.

Ask yourself how LEI with a complex range of projects, geographically and culturally diverse with many layers of bureaucracy could possibly be aware of their actual financial and risk position at any point in time?

And people want to invest in such a company?

Worley parsons has a simple business model with low risks other than their own stupidity and incompetence. And even they don't know month to month how they're going