reports 20th feb, page-44

You need to look at the registry, almost 60 percent is held by Hochtief so there isnt that much stock around. The stock is also heavily shorted and illiquid. Thats why this stock overshoots both to the upside and the downside. Looking into the detail of the report I would be concerned by the recievables, up from $3.8 to $5.1 Billion. The cinic in me would suggest that Hochteif need the cash injection and that's why they are paying it. I would be very worried about potential writedowns in the next 12 months if they can't recoup those funds. I know that analysts are also putting out notes today warning about the very same thing. Thats why I think you will see the stock drift as the day goes on.