RCR rincon resources limited

And further to this is the Sydney Metro contract...

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    And further to this is the Sydney Metro contract https://www.sydneymetro.info/article/groups-shortlisted-two-major-sydney-metro-contracts
    See also https://amp.copyright link/business...head-of-earnings-announcement-20180730-h13awg
    It teamed up with Downer EDI to bid for the design, construction and testing of the new Sydney Metro City and Southwest rail systems, and the companies have been short-listed along with two other consortiums. A contract is expected to be awarded laster this year.

    .....which made me wander off in the direction of Downer which is not averse to the occasional hostile takeover ...
    They have had a year to digest Spotless now ..https://www.copyright link/business...investors-accept-12b-takeover-20170718-gxd9pb
    RCR market cap has been wound down to only $463 million ...
    .........just some random thoughts whilst I fret about having added to my position here.
    Cheers
    Last edited by sabine: 07/08/18
 
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