I doubt it. Multiplex is not just a construction company. It is a new brand of company that is a developer AND get this ... it is a property trust. BIG difference. Why? The property trust will ensure the company will never go broke. If the construction wing ever makes a lose all the directors have to do is sell properties or assets in the trust.
There are well over $1,400 million worth of property to support any stuff ups ie 14 Wembly size stuff ups.
Further current gearing is at 29% and the biggest threat to solvency...lack of cashflow is covered with $200 million in cash and $600 million in undrawn debt.
Now lets look on the positive side. This company is one of the biggest developers in Britian. They have $6.9 million of work in hand which comprise 51 projects of of which 46 are profitable, one breakeven and four losses. A well known developern Jim Wyllie is rumored to be buying. Perhaps you should be doing the same.
MXG
multiplex group
I doubt it. Multiplex is not just a construction company. It is...
Add to My Watchlist
What is My Watchlist?