SXE 2.56% $1.72 southern cross electrical engineering ltd

Ann: Change in substantial holding, page-10

  1. 4,656 Posts.
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    If their projects are running behind they're unable to recognise revenue so it should start to show up in progress milestones (not just at the end of the contract). In the case of Decmil it showed up in the blowout of "contract assets" from previous periods so after the headline numbers that's where I'll be looking.

    If you're in the claims/disputes business it's surprising you'd describe it in the terms you did. Even more surprising is your use of the term "loosing". You might try to claim it's a typo but everyone on here knows that's the last mistake anyone in the claims/disputes business would make.

    To be clear, it's possible they do have some issues (as any business which operates in this area will from time to time) and we still haven't seen the Decmil situation resolved. I've personally managed well over $100m+ of fixed price contracts in a discipline far removed from SXE and every single one required a level of commercial change management, sometimes difficult. But as you said yourself, that's the business they're in.

    I'm just pointing out you have no special credibility to be making claims on an anonymous forum that they have other troubled projects.
 
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