Ann: Continuation of Voluntary Suspension and Business Update, page-33

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Spekulator

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16/08/18

10:44

Post #: 34972143
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Originally posted by sabine ↑

“It's all hands on deck as the ambulance chasers pursue RCR Tomlinson all the way to the hospital.

Street Talk understands Macquarie Capital's investment bankers and King & Wood Mallesons' lawyers are in the RCR Tomlinson camp, helping the company's board and management team investigate what went wrong and how to fix it.”
https://www.copyright link/street-t...ind-sunshine-at-rcr-tomlinson-20180808-h13opr

KWM also acted for RCR when it spent $140 million acquiring Norfolk Group in 2013
http://www.kwm.com/en/au/knowledge/...linsons-acquisition-of-norfolk-group-20130804

Also note Macquarie ‘outperform’ rating June 14 2018 based on direct interaction and site visits .
They will loan funds ?
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.”

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Even Macquarie make mistakes.....

I know people tied up in this project - it is in a very sad state...

RCR Price at posting: $2.80 Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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