News: DCG Decmil Group announces sale of non-core property, page-7

They sold their office building. As per accounting standards it was on the balance sheet at cost which was $26.5m less depreciation of $2.3M.

http://www.realcommercial.com.au/property-offices-wa-herdsman-501359975

They have precisely 2 assets to sell
1. 20 Osbourne Park - pretty liquid market and worth circa $27.5M
2. Homeground - you could hardly give it away and currently sitting on the balance sheet for $110,800,000


Is this a good thing or bad thing? Well I'll put it this way - if you suspect a friends in financial trouble and he starts selling his non core assets like his boat and car... you should ask him if he needs a hand.

Are DCG in trouble? I think so, but I can't be positive - but if they were, this is exactly what they'd do.