TSE 5.50% $1.06 transfield services limited

Now at 72cents. inconceivable it could have got this bad. SP...

  1. DSD
    15,757 Posts.
    Now at 72cents. inconceivable it could have got this bad. SP down 95%. Huge debt and complex structure. New culture/management needed. MAH drifted down and down until rethink slowed the rot. MAH finally debt free but it will be a long haul back to profitability. For TSE it will be even longer with 600m to pay off. This company was doing a buy-back at around 42.30!! Should have got debt reduced first. Until a new plan for TSE is announced the threat of a CR will hang-on and make future uncertain for investors along with employees. Strong bold medium-long term thinking needed from TSE top brass.
 
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