Jim is looking to take more costs out of the business and there is a need to do a full review of the strategy and cost structure of the MAH and Ross wasn't prepared to hang around to drive this. I agree that Jim Walker is v. important to this business at the moment as it looks to improve profitability by right-sizing the company during this difficult time.
The CC reorg. is speculation but Downer, MAH and FMG are all reducing headcount associated with this project and analysts see a risk in future restructure of the contractor model.
The Mongolian assets are part of the syndicated facility agreements with the banks and if there is a recovery from Mongolia then part of that money will flow back to the banks in a proportional manner.
Good signs ahead, page-19
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27.0¢ |
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Mkt cap ! $581.8M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.5¢ | 26.0¢ | $759.7K | 2.830M |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
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