Bullish Sign? - Bounced off 200 EMA, page-2456

Yes .... less competition means more work and higher margins .
The customers must also be having serious doubts about choosing the cheapest bid when doing so just brings delays and grief in a variety of different ways .

(Now is about the right time for NRW and Maca and maybe some other decent all Australian companies to come out bidding sensibly under the monniker: FOR AUSTRALIA.)


Meanwhile the Weekend Australian thinks a buy out of Lendlease engineering division may NOT be an option ..
https://www.theaustralian.com.au/bu...n/news-story/f66e7cd1e348f34988697fa897682940

...”The worst-case scenario would see a wind-down of the engineering unit at a cost of $1.2bn, which JPMorgan said put its valuation at $15 a share, meaning the company could show strong returns from its depressed price
There is widespread market unhappiness about Lendlease’s tardy disclosure of problems, ahead of tomorrow’s annual meeting.
But the company has been dubbed “takeover proof” by investment bankers, who said the difficulty of ascertaining the depth of problems in the engineering unit and how they could be solved was unknowable to potential predators.
The prospect of private equity players targeting the beaten-down company has also been discounted as the groups are not able to apply substantial leverage against construction companies due to their volatile earnings”......
Cheers