RCR rincon resources limited

"suggest the company is still struggling with falling work in...

  1. 19,936 Posts.
    lightbulb Created with Sketch. 330
    "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.
    Last edited by Hotfire: 20/08/15
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
1.2¢
Change
0.000(0.00%)
Mkt cap ! $3.510M
Open High Low Value Volume
1.2¢ 1.3¢ 1.2¢ $27.06K 2.119M

Buyers (Bids)

No. Vol. Price($)
1 190656 1.2¢
 

Sellers (Offers)

Price($) Vol. No.
1.3¢ 773515 2
View Market Depth
Last trade - 16.10pm 26/06/2025 (20 minute delay) ?
RCR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.