What's really disappointing in the infrastructure sector is that companies continue to undercut each other to win contracts only to loose money on impairments after contract completion.
I can't understand the logic boards are using, rather than be realistic in contract quotes they race to the bottom to see who can loose the most by undercutting each other? The major players in this sector can compete without undercutting to the point of loosing. MND is a standout in this sector but either poor judgement or poor mgt has caught them out this time?
If a project doesn't stack up economically - don't undercut just to win the contract - SIMPLE!!!!!!
Ann: Market Update, page-5
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$12.84 |
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Mkt cap ! $1.251B | |||
| Open | High | Low | Value | Volume |
| $13.10 | $13.10 | $12.79 | $3.510M | 272.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 214 | $12.84 |
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| Price($) | Vol. | No. |
|---|---|---|
| $12.88 | 1307 | 2 |
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