"But there doesn't seem to be much news in the commentary that would lift hopes of the company doing better in the second half. Interest costs are rising because working capital is up on expansion deals, margins are under pressure in the Chinese rolling stock business, there are delays to some contracts forecast and costs are up.
As well the power and cement business, where a dud contract cut earnings, is expected to return to normal trading in the current half, which was probably the good news noticed by the market yesterday."
BKN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
