As stratnew commented probably some fallout around the right down from BHPB. The market factors in the mining space into the fortunes of earnings, SKE suffered from this issue rightly or wrongly. Probably working on the premise that if the mining industry sneezes the mining contractors will catch a cold.
The other issue is probably the vessel sales, even though it will net $25m, go back and look at what SKE paid for the business they came from circa $50-70m depending on earn outs. I think some of the fund managers are doing the sums and probably factoring in that behind the good news of the sale there's bad news to come on impairments or similar.
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As stratnew commented probably some fallout around the right...
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