sunday inside business program, page-23

There you go again FB with the sky is falling non-sense

No one is even suggesting the mining boom investment cycle has peaked to date including the RBA. Major international instos have it peaking from as early as mid 2013 and out to 2022.

In terms of a class action being launched the IMF will only fund a litigation when there is clear and consistent mis-managment over a period of time. In this case it was just 1 troubled contract, which was being monitored on a monthly basis.

So if you take account of HD4 contract & assume it gets a bit worse then I simply insert the impact into the financials provided in the August 2012 preso:

http://www.macmahon.com.au/doc_download/72-macmahon-2012-full-year-results-presentation.html

What does this tell you about their operating model?

I'll give you a clue.....it is diversified and operationally still profitable