NFK norfolk group limited

Sagh,With respect, NFK are in trouble. There are several multi...

  1. 549 Posts.
    Sagh,
    With respect, NFK are in trouble. There are several multi million $$$ jobs that have massive over runs that it appears cannot be recovered. The down grading of the mid year profit result was a 'smoke and mirror' approach so that they did not have to come out 'cap in hand' and declare that they need to write of tens of millions of $$$ on jobs that have gone bad for them (there are several such jobs in WA alone). All of this is of course IMO.

    It is about time they realize that NFK is nothing more than a holding company (which it is) for some of Australia's biggest brands. Instead of being a 'lean and mean' holding company NFK is becoming it's own Juggernaut, thus heavily burdening the brands that sit below it with massive overheads on top of their own overheads.

    My opinion only of course

 
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