AUS
NZ
UK
CA
USA
IND
Suspension from Official Quotation: RCR Tomlinson Limited (ASX:RCR), engineering and infrastructure group, announced about suspension  from quotation of the securities immediately under Listing Rule 17.2, at the request of the company. This is regards to the probable FY18 financial results. The stock was expected to commence trading from 1st August as was placed in trading halt on 30th July, 2018. Moreover, there is a fear of earnings downgrade ahead of its full-year results in August in the market. There is also a speculation that some of the company's contracts are not performing as per the expectation. Additionally, RCR had earlier said that the company had $3.2 billion in orders and preferred contracts, and the companyâs revenue and earnings will continue to grow with a number of contracts to flow through to support 2018-19 revenue. Now the group is being said to incur high bidding costs.
[optin-monster-shortcode id="wxhmli4jjedneglg1trq"]RCR has only announced about $100 million of contracts in the first six months of 2018. Further, RCR is among one of three companies that was shortlisted along with John Holland and Laing O'Rourke for a $233 million contract to manage the systems integration, testing and commissioning of Auckland's new rail link. The company had submitted the proposals in May. On the other hand, delays to some of RCR's solar projects are raising concerns. The commissioning process seems to be taking more time with higher costs anticipated.
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a companyâs prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkineâs team of analysts bought you handpicked report for âTop 25 Dividend Stocks For 2018.â
ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.
Click here to get your free report.
Disclaimer
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
