WOR 0.20% $14.90 worley limited

hold my hand i'm dying

  1. DSD
    15,757 Posts.
    I must have posted 40x in the past 5+months that WOR is in severe difficulty with very little future work for its 31,000 consulting engineers. Since then SP have more than halved and today alone dropped 6%.

    Company faces huge redundancy payouts coinciding with substantially reduced revenue along with margins less than half that just 18months ago.

    Very distant light at end of a long tunnel for WOR. Keep well away until macro changes which could be ages. Very high risk. Divs of the past are a pipedream. Expect profit downgrade at/before interim result.
 
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Last trade - 16.10pm 26/07/2024 (20 minute delay) ?
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