ADZ adsteam marine limited

looking sick - is this the reason ?

  1. 635 Posts.
    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)
 
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