Factored in? That's crazy talk. This is a very high risk stock. As yourself, if they can't finish Wembley what can they finish? And how much truth have they really told us about other projects? Riparian Plaza (in Brisbane), built by Multiplex, was months behind schedule. How many people knew about that?
No way would I trust this company with my money. Surely their reputation is very much tarnished.
Sure there will be bargain hunters around, just like there were in SGW and ION
0955 [Dow Jones] Multiplex (MXG.AU) not for fainthearted today, stock set to
dive on news FA Cup to be held at Cardiff due to continuous Wembley delays. Last
A$3.22, month low A$3.14 will be immediate target, 12 month low A$2.27. Failure
to meet Wembley's end-March completion date is reputational blow for the Roberts
family. News of shift to Cardiff for May soccer game will also spur speculation
about ASIC investigation into continuous disclosure. (IGP)
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- asx: multiplex fails wembley. cardiff for final.
MXG
multiplex group
Factored in? That's crazy talk. This is a very high risk stock....
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