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Fines Coming!

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nickle
New Contributor
Confidential talks means something that shouldn't be public ? can only mean storms ahead
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11 REPLIES 11
Super Contributor
Construction companies - I wouldn't touch them with a flag pole right now.
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Super Contributor
yes, not a nickle?
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Highlighted
Super Contributor
Unfortunately hold SSK & down 20% at the mo. Will just have to wait and see developments. Not a willing seller yet.
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Super Contributor
Do not touch with flag pole, rather hammer in your survey beacons... some attraction should exist to favour certain constr companies. One sometimes speculate how integrated reporting (with "ethics" in mind) should be discounted in the public eye. From now on I will not trust a single word spoken or published by any SSK official.
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Not applicable
Well, so far the cfds bought at the recent lows are paying quite reasonable dividends...with net cash of R55/share, 70% of earnings generated outside of SA and an orderbook that's slowly filling up, that famous Warren Buffett saying comes to mind..
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Valued Contributor
order books no longer inspire me, they are at what ultimate margin ?? all the WC/Gautrain work etc. for MUR has come in at negative margin .. an if you want discount to NAV have a look at AEG
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Not applicable
Check today's SENS...the increased orderbook and workflow are translating into higher earnings once more...so obviously margins are stable at the very least..
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Not applicable
Simon, do you still hold ssk?
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Valued Contributor
no, sold it around r10 .. only construction stock is CGR and that not a pure play ..
portfolio is at http://www.simonbrown.co.za/portfolio/
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Valued Contributor
sure, until things get nasty then they not .. so order books be nice but they not cash in the bank and back in 07 they was almost considered cash in the bank .. but anyways you in CFDs so trading so this all be moot ..
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potter
Contributor
WBH are not only SA based
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