takeover offer at 70c..tell em their dreaming!, page-9

  1. 12 Posts.
    rbl downgrades profit forecast The management had just released the first half year profit and downgrades the profit forecast for the financial year!

    It was only weeks ago when the company reaffirmed the profit forecast for the year. In today's annoucement the CE stated the reasons for downgrading profit because 'of reduced margins across most areas of the company's activities'!!!

    Weeks ago, the company was going to revolutionised the pipe line industry by reducing costs by as much as 50%.

    What happened? I think the history of ASX releases from this company paint a familiar pattern no dividend in sight for investors who bought into the company more than 2 decades ago!

    Hooha here we go again!

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