CIM 0.00% $22.00 cimic group limited

My understanding the $7m comes out of the sale price, for such...

  1. 647 Posts.
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    My understanding the $7m comes out of the sale price, for such expected liabilities.

    I worked in Construction until my retirement.
    A job last as long as it takes to build the project then you leave and find another project.

    Middle East division must have had issues for management to want to exit the region.
    I have not been a shareholder long enough to know why they left the middle east.
    Workers, to name and blame Cimic, 2 years after they sold the business is very poor.

    I have concern with settlement of West gate tunnel in Melbourne which has reached settlement.
    I believe some of the material they are removing is contaminated.
    Contract value has increased from $4.99B to $8.57b.
    CPB JOINT VENTURE WITH JOHN HOLLAND WILL CONTRIBUTE $600M IN REVENUE.
    CIM now expects NPAT OF $400- $430M FOR fy 2021.

    Company has head winds and I hope they continue paying a dividend.
    Admit the share price is volatile
 
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Currently unlisted public company.

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