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5.50% $1.06 transfield services limited

From Macquarie ResearchMining servicesDue to slowing world...

  1. albi000
    170 Posts.
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    30/10/08
    10:36
    Post #: 4447147
    From Macquarie Research

    Mining services
    Due to slowing world growth and in particular China, MRE (29/10) have downgraded their expectations for the mining services sector. They now expect revenues to fall by 20-25%; WOR, MAH and LEI are key stocks in this sector. Due to the current credit environment MRE believe that projects which were previously locked in may be delayed or cancelled.
    TSE Price at posting: $2.23 Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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