”The restless Dalgleish, who is now turning around the fortunes of listed integrated engineering contractor RCR Tomlinson, says that while running a company and devising corporate strategy can be mentally stimulating, it doesn't always provide him with an intellectual challenge.....”
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“Running companies, you very rarely sit down and say 'I'm not sure what to do'.
"It's more about energy and focus and commercial astuteness, all of that stuff. You can analyse strategy and you can have mental stimulation with strategy, but you don't really have a complex situation that racks your brain.
Dalgleish's thesis in 2009 had the more accessible title of Valuing Intellectual Capital: Relationships between Intellectual Capital and Firm Performance.
In other words, it examined the role that certain factors, including a manager's qualifications and experience, can play in measuring a company's financial performance -- themes that are directly relevant to Dalgleish's career as he attempts to take RCR Tomlinson into the big league.”......
So no big deal right ? Throw around a bit of glamour, lunch with some bosses, chat up the brokers, raise funds and buy more companies ?
Raise more funds December 2017 - https://www.australianmining.com.au/news/rcr-increases-infrastructure-funding-by-150m/
“Engineering and infrastructure firm RCR Tomlinson has announced that it has extended its bank guarantee from $195 million to $295 million and has received approval for insurance bonding facility increases of $50 million, a total of $150 million in increased funding.
RCR’s insurance bonding facility now stands at $250 million, up from an aggregate of $200 million. RCR, which employs over 3400 people across Australia, New Zealand and southeast Asia, is one of the country’s largest engineering intelligence providers......
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“We are delighted to be working with a syndicate of financiers who understand the business and support the strategic and organic growth of our business.”
Hmmm roblems? No big deal just chat up the analysts ...
June 2028
Macquarie ‘outperform’ rating June 14 2018 (based on direct interaction and site visits .)
“RCR Tomlinson
“Macquarie retained its "outperform" recommendation for engineering services company RCR Tomlinson, despite the company's share price declining 28 per cent since the broker's previous note in February. Macquarie's outlook review comes after a site visit to the company's Swan Hill solar farm and AEMO and ARENA industry meetings. The brokers says that the Swan Hill solar farm would be delivered on time and budget, and that recent industry meetings had indicated a strong outlook for solar until at least 2020. Macquarie says that the company's outlook for the 2019 financial year is solid and is predicting 50 per cent revenue in the hand for the year. It also noted that RCR's valuation was attractive against its peer group and is trading on the assumption of significant downside risk.”
July /August 2018 - trading halt and suspension ...
disappear into the sunset leaving the company to:
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roblems? No big deal just chat up the analysts ...
(20min delay)