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  1. #11
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by Rep View Post
    It won't be provided that they actually achieve the bottom of the range of guidance - KPMG have presumably run the ruler over two large projects (NZICC and maybe Commercial Bay) and the Board won't want to miss the bottom of the earnings range but there will be 'diamond crushing' levels of pressure on management down to make that minimum and not take another downgrade lest all credibility is lost.
    I think their credibility is already in tatters. To make losses like they have in the midst of a building boom really takes your breath away as does hiring in outside consultants to show them how to quote on construction jobs...
    The big winner here is SKC, looks like they are getting that fancy new international convention center built for around $200m less than cost price !
    Last edited by Beagle; 25-10-2017 at 09:30 AM.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

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