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They also have to pay $400000 in back insurance premiums...

  1. edshann
    2,471 Posts.
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    02/09/19
    15:31
    Post #: 40278699
    They also have to pay $400000 in back insurance premiums starting in September, in monthly installments.

    The deterioration in the second half seems to come from increased fixed costs due to new head office staff (that may have a long term payoff) and lower margins due to pay awards in excess of the maximum allowed contract price rises. In effect minimum wages are rising faster than the CPI which sets some contract prices. Just as well the ALP did not get elected.
    MSG Price at posting: 1.7¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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