SCEE founder Frank Tomasi.

SCEE directors walk out on restructure

Half of the board of Southern Cross Electrical Engineering has walked off the job, including chairman John Cooper, after it flagged a change in direction, 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 31/12/18

1 year TSR5 year TSR
281stVietnam Industrial Investments-5%27%
410thSouthern Cross Electrical Engineering-25%-2%
716 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$12.5m Sold
$0 Issued
$0 Other
Total value as at the date of the transaction
Source: Morningstar


16th↑Vietnam Industrial Investments$380.0m
17th↑Southern Cross Electrical Engineering$351.3m
237 listed industrial companies ranked by revenue.
Source: Morningstar

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