FTreader
- 24 Nov 2003 15:49
I see the market is a little nervous today after last weeks gains. Could be profit taking, or more worryingly a reaction to the bad news that could come out on JRVS tomorrow.
There is potential for a profit warning I fear, since tubelines will face heavy fines for the recent disruptions which could wipe out any of the profits from this contract. As Paris is resigning too, there could be uncertainty until after Mayoral elections since Norris has made it clear he will stand and if elected will resign as Chairman of JRVS.
Also at such times of transition, any bad news is likely to be churned out soon so the new brooms can start afresh.
sinutab
- 24 Nov 2003 15:55
- 2 of 2
Last paragraph is a good point. Maybe good to put on
watch list.