DOW, DOWNER EDI LIMITED

[blacksheep]

Work is set to begin shortly on the construction of the $225 m 148 MW Ross River solar farm, located about 20km southeast of Townsville’s CBD. DOW is one of several companies awarded contracts

Ross River solar farm developers advertise for jobs in the project
TONY RAGGATT, Townsville Bulletin
August 17, 2017 12:00am

Big national firms such as Downer, RCR and Nilsen have won the engineering, procurement and construction contracts for North Queensland projects so far.

http://www.townsvillebulletin.com.au/news/...fa1d45c372722f1

[early birds]

Downer’s share price reflected that - falling 19 cents to $5.21 yesterday, 74 cents under the issue price.

The shares hit a year high of $7.62 hit in March, just before the bid was announced on the 21st of that month.

A large part of the entitlement issue to big shareholders was rejected, leaving underwriter, UBS with a $300 million shortfall, which it will now have to place with a group of reluctant sub-underwriters.

There was no incentive for retail shareholders to take up the two-for-five entitlement because the shares have been trading at such a steep discount to the offer price of $5.95, meaning those wanting to top up their holdings were better off buying on the market.

Overnight Tuesday UBS began an auction to try to offload $250 million of Downer shares which hadn’t been taken up by retail holders. But seeing many institutions had previously baulked at the fund raising to help pay for the takeover bid, the results of this offering will be a disaster as well.
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Downer is in the box seat because it has already grabbed a 19.9% stake in Spotless, making it difficult for any potential counter-bidders who would need to offer a more generous price. The takeover offer will stay open until May 15 unless extended.
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long long battle to come
why the heck trying spotless?? it's dead biz!! crazy world out there !!!

[marketwinner]

In Reply To: early birds's post @ Feb 14 2013, 02:51 PM

Dow may break even 16,000 during next six months. Still we may see bull markets in some sectors, commodities and some markets in 2014. In some point there may be correction in DOW. As I said before we may have opportunities in developed, emerging and frontier markets. We have to do home work to identify future bullish markets, sectors, commodities and currencies before others.

My ideas are not a recommendation to either buy or sell any security, commodity or currency. Please do your own research prior to making any investment decisions.

[early birds]

The outlook came in slightly higher than analysts expectations, pushing shares in the company as much as 80 cents, or 16 per cent, higher to $5.66 in early trade – the highest levels since May 2010

Read more: http://www.smh.com.au/business/earnings-se...l#ixzz2KqVI3j2s
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always like this company, but just don't have the patience to hold it !! sighhhhhhhhhh

[Nick1970]

In Reply To: wren's post @ Jan 18 2013, 12:02 PM

Wren I had a buy sitting in the system at $4.15 but it wasn't hit. Will have to take a look next week. Should move higher - it has done a bit of work around $3.90 - $4.10 so hopefully a little bit of a base there.

[wren]

In Reply To: Nick1970's post @ Jan 17 2013, 05:11 PM

Bit of a pullback today.Just purchased more at $ 4.20. Plenty of 'chart potential ' here imo. Next stop,maybe 4.40 or so?

[Nick1970]

In Reply To: wren's post @ Jan 17 2013, 03:04 PM

Yeah nice one wren - I am LONG as well. Missed topping up today which was an error - once $4.13 was hit it just took off. Be interested in any fib projections arty?

[wren]

DOW seems to be on its way.A breakout with excellent Vol. (holding since Jan 2nd).

[early birds]

In Reply To: arty's post @ Aug 6 2012, 10:59 PM

Engineering firm Downer EDI has returned to a full-year profit and expects growth in the year ahead.

Downer on Monday posted a net profit of $112.8 million for the year to June 30, up from a loss of $27.8 million in the previous corresponding period.

The result comes after the financially troubled Waratah train project, in which Downer is involved, received financial support from the NSW government.

Downer said it expected to deliver a net profit of about $210 million in the 2012/13 financial year, due to the amount of work it currently has in hand.

Advertisement That is despite an increasing level of uncertainty about the amount and timing of government and private sector investment in infrastructure in Australia and New Zealand, the company said



Read more: http://www.smh.com.au/business/earnings-se...l#ixzz23O0CyngH
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up over 10%!! don't hold any!!

[arty]

In Reply To: Hunter7's post @ Aug 6 2012, 01:47 PM

Downer is back to near the bottom of its trading cycle. Can it be jump started from here?

good question, Nimrod.
They're at the Low of the worst the GFC had thrown at them - this better be the turn...



The Daily does suggest some accumulation, but I'd rather wait for some more positive confirmation.