Seriously, does anyone still own mining services?

Monday, 23 February 2015

Evidently, from the Dad’s Army:

UGL says the outlook for the engineering and construction sector remains challenging after swinging to an interim net loss in its first result since offloading its DTZ business last year.

The stock is down 13%. Here’s the quick chart on the mining services sector:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.