SCEE founder Frank Tomasi.

SCEE directors walk out on restructure

Half of the board of Southern Cross Electrical Engineering, including its chairman John Cooper, has quit citing a difference in opinion over strategic direction as the company announced a number of redundancies and cost-saving initiatives in response to the tough climate for local contractors.


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Congratulations Mr Tomasi. Since the float something has happened to what was a very lean and competent professional,organisation. This restructure, with luck, will see SCEE return to some of its historical success in the offshore areas. It was amazing to see a board move from such a market place where, had SCEE maintained their presence,mother would have been perfectly placed to continue to success, based on the good will built up over the years. Once again, we have see those who don't understand the electrical construction sector fail in that industry. The fish rots from the head, and perhaps this move will stop the rot.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/06/18

1 year TSR5 year TSR
99thCoventry Group125%-8%
327thSouthern Cross Electrical Engineering23%1%
372ndBWP Trust15%14%
522ndSwick Mining Services-9%-4%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$0 Issued
$3.5m Issued
$53k Bought
Total value as at the date of the transaction
Source: Morningstar


31st↓Southern Cross Electrical Engineering$200.2m
33rd↓Coventry Group$173.7m
36th-BWP Trust$152.5m
37th↑Swick Mining Services$130.0m
239 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Southern Cross Electrical Engineering

135thChris Douglass$639k
209thAndy Ozolins$510k
452ndGraeme Dunn$275k
Ranked by total remuneration from all listed WA companies

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