So another established construction group with what seems to be in a good position goes into administration.
http://www.smartcompany.com.au/prop...nday_22_August_20118_19_2011&utm_medium=email
Would that be because they are in deep debt? current valuation doesn't stack up?
How did they get started in their current projects anyway?
I pressume they had initial financial backing. Did the financiers backed off from the projects?
I remember when Akron used to have projects that would have been the envy of the industry and was really surprised when they collapsed.
I'm basically just thinking out loud here and hopefully have a good coversation with the forumites. Speculative answers are encouraged.
http://www.smartcompany.com.au/prop...nday_22_August_20118_19_2011&utm_medium=email
Would that be because they are in deep debt? current valuation doesn't stack up?
How did they get started in their current projects anyway?
I pressume they had initial financial backing. Did the financiers backed off from the projects?
I remember when Akron used to have projects that would have been the envy of the industry and was really surprised when they collapsed.
I'm basically just thinking out loud here and hopefully have a good coversation with the forumites. Speculative answers are encouraged.