If RCR persist with their Infrastucture division as is, there will be no RCR by Easter next year.
They are bleeding money hand over fist with $100M raise and blaming it on one project for the losses which is I believe deceptive.
They have made the same mistakes time and time again with their solar projects losing on average 20% per project, giving jobs to the boys and having a nepotism arrangement on their sites and not listening to construction professionals who are trying to help with their short comings, poor QA, scope of works and accountability is also costing them money.
RCR's share have fallen from $4.80 to $0.87 in twelve months with a share raise @ $1.00 when they went into a trading halt @ $2.80 is disgraceful for existing holders !!!
One of the major players like Downers/ Monodelphous hopefully will buy them out and sensibly close out the profit draining parts of the company and hopefully keep some jobs for the people still working for them.
Add to My Watchlist
What is My Watchlist?
