RFX 0.00% 9.7¢ redflow limited

Ann: Redflow and Optus Resiliency Initiative Announced, page-23

  1. 5,027 Posts.
    lightbulb Created with Sketch. 2454
    I'm prepared to accept that on 21st January Redflow management new nothing about the initiative. 56 sites is significant for Redlow. The company is given to trumpeting four batteries as a significant win. But for Optus it's a droplet in a very large budget. They probably picked 56 sites where the existing power supply needed maintenance or upgrade and dropped a proposal to the department in case they could score some public funds, all without speaking to Redflow except to confirm a supply price maybe. Redflow is already a supplier to Optus, and already have the batteries installed, so the wouldn't have to consult intensively over site requirements or operational characteristics.

    But I do think it's particularly bad form that Redflow didn't request a trading halt the moment they did learn of it. I would hope that at the very least they got on the phone to the ASX to consult whether one was necessary.

 
watchlist Created with Sketch. Add RFX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.