ERG 2.50% 3.9¢ eneco refresh ltd

***dropping like a bag of spuds notice****, page-11

  1. 461 Posts.
    Although this is some cause for embarassment considering the supposed "home town" advantage, I think it is better they didn't lower the bid to a point that it becomes a loss-making contract ... no point chasing bad business for the sake of gaining business.

    I think considering the poor returns to shareholders in recent years, management must be focussed now on shareholder value to gain respect and credibility, and therefore held firm on pricing ... quite a brave move.

    BTW, can anyone add substance to a rumour that ERG were considering a move to the Eastern seaboard to be closer to the action in Sydney / Melbourne, and the Perth snub has now been the catalyst to plan the move in the next 12 months???

    Regards,
    Rotu
 
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