RE:RE:This call is boring https://youtu.be/QiKwnlyhKrk
Good results in general but the dramatically (over 90%) reduced dividend is again maintained as a tribute to poor management and lack of growth strategy.
Also, I am flabbergasted that we managed again to lose money on LSTK. Why are we so stupid to lose on most of the same projects that Aecon is making tons of money on.
Phasing out costs I guess are part of it but poor project management from bidding to delivery is flawed and this is an embarrassment. At least I am convinced that there is no way the construction division (Socodec) can be saved. Had it not been for Atkins, this company would have been dismantled so the name has to be changed to Atkins.