CIM 0.00% $22.00 cimic group limited

Ann: CIMICS CPB CONTRACTORS WINS $323M WESTERN SYDNEY AIRPORT PR, page-24

  1. 6,246 Posts.
    lightbulb Created with Sketch. 2951
    At the end of the day it is your capital and only you know best where to put it. Personally I think the response (link below) is lacking. I have no choice but agree with @Tunnelthug Post #: 38447965 on this matter.
    - https://hotcopper.com.au/threads/ann-clarification-statement.4749046/

    Shorts aside, with towers collapsing, fireball cladding, bribery/corruption, withholding market sensitive information, accounting shenanigans and tax evasion a Royal Commission into the Building and Construction Industry is a large possibility. It doesn't take a genius to see where this is headed. The SP is the tell tale reaction. We might not agree on the fundamentals and the charts but there is 2 things that Australian people come together on at the end of the day, that is the price (Thanks Daryl) and most importantly the PUB test. If you look at CBA's decline before the banking Royal commission was called there is a considerable lag. I'm not saying this is imminent at this point. What I'm saying is that it is highly likely.

    Further reading below on the company you own without any short interest whatsoever.
    https://www.lawyerly.com.au/cimic-seeks-to-strike-out-forests-of-contingencies-in-class-action-pleadings/
    disallowed/business/companies/construction-giant-cimic-targeted-over-800m-profit-boost-20190503-p51jxg.html
    https://www.theage.com.au/interactive/2016/the-bribe-factory/day-1/leighton-news.html
    https://www.mauriceblackburn.com.au/class-actions/current-class-actions/cimic/
    disallowed/politics/federal/australian-anti-corruption-regime-failing-as-shorten-promises-better-20180502-p4zcxw.html

    I actually feel a bit sick having owned CIM/Leighton holdings for a while. Contemplating donating all that dividend and windfall over the years to charity at this point.
 
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