MAH 1.75% 28.0¢ macmahon holdings limited

Jim is looking to take more costs out of the business and there...

  1. 182 Posts.
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    Jim is looking to take more costs out of the business and there is a need to do a full review of the strategy and cost structure of the MAH and Ross wasn't prepared to hang around to drive this. I agree that Jim Walker is v. important to this business at the moment as it looks to improve profitability by right-sizing the company during this difficult time.

    The CC reorg. is speculation but Downer, MAH and FMG are all reducing headcount associated with this project and analysts see a risk in future restructure of the contractor model.

    The Mongolian assets are part of the syndicated facility agreements with the banks and if there is a recovery from Mongolia then part of that money will flow back to the banks in a proportional manner.
 
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