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Why is it that 2 recent “Engineering” companies have got it so wrong. When RCR Tomlinson announced a $50m provision, my builder friend said that he could build 100 luxury apartments for that amount.
Where is the accountability down the line with cost accountants, quantity surveyors, soil testing etc etc.
It seems that we are deficient in expertise and are under-quoting to get the business. The sector is too high a risk.
On another matter, short selling should be banned as ordinary shareholders are left in the dark. I have decided not to deal with any party that is involved. Suppliers of shares should also be named.
A: In regards to short selling, while I understand how you feel, I think there is an argument that says it leads to a more efficient market. I am not against short selling – but think there needs to be more transparency, enhanced reporting (real time) and a cap on the number of shares that can be short sold.
