WOR 1.17% $13.98 worley limited

I meant to add that yesterday WOR rival MND held their AGM and...

  1. DSD
    15,757 Posts.
    I meant to add that yesterday WOR rival MND held their AGM and the SP soared. Yet the tone was cautious almost gloomy with meeting revealing:
    a) Rev for 1Hfy17 down significantly on pcp.
    b) Competition and pressure on margins stronger than ever.
    c) Projects being delayed/postponed.

    Clearly Mr Mkt prepared to pay far higher multiples for stks in a sector whose macro has changed dramatically.
 
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