MARKETS SPECTATOR: Transfield scrapes back ground
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
Transfield shares rose as much as 8.5 per cent today after the mining services, engineering and construction company said it had won $157 million worth of contracts in Australia and New Zealand.
The company’s shares closed up 6 cents, or 6.8 per cent, to 94.5 cents after earlier rising as high as 96 cents after it told the ASX it had won a power distribution grid component replacement contract in Victoria, a gas plant engineering contract in New Zealand, a power contract in the Pilbara and a drilling contract in Queensland Cooper Basin.
Today’s investor response to news of Tranfield’s contract announcement goes a little way to repairing the 26 per cent decline in the company’s stock price since May 21 when Transfield cut its net profit forecast by as much as a third because the world’s biggest mining companies have this year slashed spending, cutting their arrangements with mining services companies, including Transfield.
This year Transfield’s stock is down 52 per cent.
Call 1300 880 160
Start a chat
Schedule a call
