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RCR offers $62m for Norfolk Group

RCR Tomlinson has made a $62 million offer to purchase engineering contractor Norfolk Group.

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RCR need to look closely at what they are buying........it was only 12 months ago the share price of Norfolk was $1.00 with an order book totalling more than $1.0b. Even at 38cents per share I doubt there is value in what is being acquired. Carry out your due diligence throughly RCR, be sure you are fully aware of what you are taking on. I should note the Maintenance business that Norfolk have may the prize, easily sold off to another suitor.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 30/11/18

1 year TSR5 year TSR
779thRCR Tomlinson-71%-15%
741 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

31/10/18
$10k Bought
12/10/18
$46k Bought
26/09/18
$9k Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

th-RCR Tomlinson$2,004.1m
80 listed non wa companies ranked by revenue.
Source: Morningstar

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