WOR 0.14% $14.43 worley limited

Ann: Qatar Shell Awards EPCM Contract for Pearl GTL, page-12

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  1. DSD
    15,799 Posts.
    lightbulb Created with Sketch. 31
    I meant to add that yesterday WOR rival MND held their AGM and the SP soared. Yet the tone was cautious almost gloomy with meeting revealing:
    a) Rev for 1Hfy17 down significantly on pcp.
    b) Competition and pressure on margins stronger than ever.
    c) Projects being delayed/postponed.

    Clearly Mr Mkt prepared to pay far higher multiples for stks in a sector whose macro has changed dramatically.
 
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