westfield gets key london project

  1. 6,716 Posts.
    So Westfield has got the contract to build what will supposedly be London's biggest shopping center and new the 2012 Olympic site.

    And while this is going on the share price is conspicuously weak.

    Is there a connection between these two ?

    One theory I have, is that the construction deadline is too short. Its supposedly to be finished by 2011. Recalling all of the cost and financial and political embarrassment of the Multiplex Wembly contract, which was heaps late and forced the UK FA Cup final to be relocated.

    Now if I was a fund manager with a memory going back more than a week that would be the first thing that would come into my mind, and I would be dumping stock ASAP before the idea gets into other peoples minds too. And maybe buying back cheaper later.

    Just a thought. Any other explanations for the latest Westfield dumping ?



 
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