ADZ having a hard time of late. Could the attached be part of the problems facing ADZ - apart for no dividend, reduced earnings etc. ?
1200 [Dow Jones] STOCK CALL: Competition strengthens against Adsteam Marine (ADZ) after Swire and Hutchison Whampoa take 55% stake in Australian Maritime Services, says Macquarie Equities. "The change in control appears to pave the way for further expansion by AMS and even more competitive conditions in the domestic towage market," it says. "The timing and aggressiveness (or otherwise) of AMS's expansion is critical to the impact on Adsteam." Has Underperform rating on ADZ. (GFM)
ADZ Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held