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18/05/20
12:07
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Originally posted by overloaded
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Decmil's recent financial performance indicates they are abysmal in project execution. Four losses in the last five years is all the proof you need.
The only way Decmil could take advantage of an upcoming government spend in infrastructure is if they significantly improve their project delivery. You cannot simply click your fingers to make this happen. Poor delivery is an organisational cancer which takes years to remedy. I doubt it will ever happen at Decmil unless drastic organisational changes are made. The top would be a good place to start.
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I agree here,
RCR was a similar situation, announced new contracts and then raised many millions of $$$ weeks before they folded.
These companies are full of overpaid clapped out managers, exhausted by constantly having to buy projects to keep revenue ticking over.
Would love to buy in at the lows but RCR shows you can lose the lot , while they are telling you its all good . !!!
RCR management lied all the way to the end.
There is no recourse, management just disappear.
Class actions pay the lawyers.
all imo