If Transfield has 0ver $600M in debt and market capital of under $400M something has to be done soon to get there books back in order. Capital rasing will need to be done but mining services at moment going through slow down. If they tired to raise capital today it would probably be price at 55 cents. I have seen it with Channel 10 in there capital rasing in weak advertising market, as TSE earning are falling in mining. In end Transfield always announce winning contract but it is useless if your not going to make decent return.
TSE Price at posting:
74.0¢ Sentiment: Sell Disclosure: Not Held