SIMON SAYS

Finweek English Edition - - INVESTMENT -

projects and one won­ders how Basil Read (and the other con­struc­tion com­pa­nies who all have sim­i­lar prob­lems) got into th­ese loss-mak­ing projects. Fur­ther it makes one won­der about the qual­ity of the or­der book: this much touted-fig­ure has really lost its shine in the last cou­ple of years and I, for one, want more de­tails on the or­der book. Give me the num­ber of projects, du­ra­tion, ex­pected mar­gins and po­ten­tial risks. The loss-mak­ing projects were once part of an or­der book ev­ery­body got ex­cited about, but are now hurt­ing the busi­ness.

Basil Read Hold­ings six-month hold­ing pe­riod. But watch your costs when you buy: if they’re too large, your profit will be eaten up.

Ci­pla Med­pro SA

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