I hope you have gained or are gaining those lost funds back turbo .
And I honestly don’t know why CIMIC still gets contracts when its’ reputation is almost universally ugly and it ignores many reprimands however serious and carries on (with name changes as necessary)
Here’s a link to how it was banned from tendering contracts in Hong Kong for a year because it was so shoddy, and then just ignored the penalty
https://newsrnd.com/news/2021-04-27...shazhong-line-scandal-leighton.r1EBY4rvu.html
It stuffs employees about, has sent multiple subcontractors out of business and driven competitors to their knees, has seen senior management arrested for corruption…
I think is still the subject of an ongoing senate enquiry
..and disappoints Australian shareholders
..and more!
AND ‘everyone’ knows this!
And yet it STILL wins major government contracts!
Possibly by undercutting and also possibly by offering to fund the costs - or some of them- itself (for a while at least) via its’ own ‘funding arm ’ Pacific Partnerships .
I know there are some really solid Australian companies that it has strangled and subsumed somewhere inside it but all up apart from the price going down - on an ethical basis- I think you were well out of it turbo
And what next?
cheers
