why the panic, not really a big deal. Engineering companies are always prone to profit downgrades, comes with the territory as for the accounting issue 40Mill over four years isn't a game changer. As an auditor I've seen plenty of these issues, rarely are they anything other than a misinterpretation of accounting standards usually internal audit picks it up which is what it looks like here. To those who are already clambering for a class action....take a very big chill pill.
if it falls further will be good opportunity to top up again.
Ann: Accounting irregularities in Utilities and trading update, page-28
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$6.26 |
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Mkt cap ! $4.204B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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