WOR 0.86% $13.86 worley limited

Isn’t that the exact reason why Dar Group have stepped in By...

  1. 249 Posts.
    Isn’t that the exact reason why Dar Group have stepped in

    By Sean O’Neill Motley Fool
    What’s a shareholder to do?

    That’s a tough question, since Dar Group has not lifted its offer, and the proposal apparently died in November last year. Shareholders must either hope that a better offer materialises, or wait for a cyclical recovery and trust that management’s appraisal of value is accurate.
    Shareholders who bought during the previous 12 months are likely sitting on a nice profit, although longer-term shareholders will be underwater on their investment. Personally speaking, I’d avoid Worleyparsons and invest in a company that’s growing profits and dividends.
 
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