TSE 5.50% $1.06 transfield services limited

"is this suspension just a routine type thing"yes just spoke to...

  1. 13,561 Posts.
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    "is this suspension just a routine type thing"

    yes just spoke to the investor relations guy and he confirms that it is a "routine type thing" and for the reason you mention
    ie it is taking longer than is allowed

    I don't think we have got much to worry about

    just went over the financials and looked at the actual business

    the company should be able to grow earnings going forward

    the history of earnings going back five years indicates growth in the vicinity of 18%

    they should be able to reproduce at least 15% next year

    some good fundamental underpin that view

    governments around the world are spending on infrastructure big time to kick start their economies
    here in Oz we have the broadband network about to built

    All these companies require engineers and tse has some of the best around

    so I'd say they will be winning a lot of contracts down the track

    we may even see the company increase earnings next year
 
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Currently unlisted public company.

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