"takeover talk on Downer - it is true that Downer is trading at less than a "sum of the parts" valuation"
Definitely. Anyone who takes over Downer now and puts the broom through the place would make half a billion profit in their first year. (Geoff Knox tried to clean things up and quickly got ejected.)
Enough said. I honestly cant see how they could possibly make things worse with so much money coming in. Most likely they will throw shareholders a bone or two next year to shut them up. So I do reckon this is likely to be the bottom.
Another thing they said recently "we don't need to raise capital because we are not taking on new projects". I think they have changed their mind!
DOW Price at posting:
$3.79 Sentiment: None Disclosure: Not Held
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