1. One more DCG's 'similarity' with NWH: NWH has been in a ~6 months or so long dispute with Samsung C&T over FINISHED and delivered (apparently excellent job done by NWH) work at Roy Hill iron ore mine.
Today's news are that Samsung C&T did not pay and does not want to pay. DCG recently signed $40m at the same location and with ... Samsung. News are that : "NRW Holdings intends to take project manager Samsung C&T to the Singapore International Arbitration Centre after failing to resolve the six-month-long dispute".
So I do not like it at all. Seems to be very risky business dealing with Samsung C&T .
2. WOR just announced severe charges that will slash profits by 50%. And it is just another one in a queue: AAX, NWH, WDS, BKN etc etc made similar announcements recently.
3. And do not forget about big, big warning bell which was : total FGE collapse just months ago.
So that's why I do not touch toxic segments now which are IO and mine related engineering stocks.
1. One more DCG's 'similarity' with NWH: NWH has been in a ~6...
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Last
29.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $45.50M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.3¢ | 29.0¢ | $5.409K | 18.63K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 3293374 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 824906 | 13 |
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| Last trade - 10.25am 10/07/2024 (20 minute delay) ? |
| DCG (ASX) Chart |