SXE 2.56% $1.72 southern cross electrical engineering ltd

The problem is their last announcement makes no sense,and imo...

  1. 9,690 Posts.
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    The problem is their last announcement makes no sense,and imo only the have covered their butts by stating at beginning of announcement they have concerns about decmils financiual position then go on to say the debt is not and will not become a material issue.
    So ,now they can say oops we made a mistake the debt is now an issue as we did have concerns about decmils financial position as announced to the market..
    I trimmed some at .44,i wish i had of trimmed more although my holdings are low and even if debt becomes an issue they could pay a div and not talk anymore rubbish re acquisitions..
    Imo,the board better clear up this issue in report and increase shareholder confidence.
    I hope they don't even mention acquisitions.If they suggest they are saving for acquisitions and not pay a div i will not believe them,i will believe they r taking into account potential financial issues from this decmil debt.
    imo only this is why the sp is sick.

 
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