"suggest the company is still struggling with falling work in the sector."
What a genius the author of this Fool report, the whole frigging sector is suffering falling work.
One off sale netted $16 odd mil so it is earnings. Why are the Fool's showing concern? The sale of property occurred Dec 2014 and was announced accordingly at that time, so where is the issue of not being clear?
RCR then proceeded with a share buy back and repaid debt by $38mil. Their gearing is now less than 4%.
To keep the Fools happy RCR should have excluded the $16.4mil, but then RCR could have simply chosen not to repay at least $16.4mil in debt and the net result would be the same.
In the current macro environment they have done well is comparison to their peers. They are well positioned to weather the storm that has engulfed the commodity space and some degree the infrastructure space.
"suggest the company is still struggling with falling work in...
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Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $31.71M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 12.0¢ | 10.5¢ | $394.7K | 3.610M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 178160 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 214610 | 5 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RCR (ASX) Chart |