If they are going to cut overheads by a further $180m, it can only come from further redundancies and breaking leases ... which will come at a price - both in terms of money and capability.
With regards to their 30% gearing ratio, I would be very careful comparing it to the oil producers. The Worley balance sheet has $1.8b in goodwill ...
WOR - results, page-10
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Last
$13.87 |
Change
0.120(0.87%) |
Mkt cap ! $7.649B | |||
| Open | High | Low | Value | Volume |
| $13.75 | $13.87 | $13.62 | $16.71M | 1.213M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8268 | $13.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.87 | 4066 | 2 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| WOR (ASX) Chart |
