Mulitplex
Mulitplex have a Neutral 2 stock recommendation and a $3.70 price target for their shares from investment banker and stock analyst UBS. According to the bank:
The Wembley project has suffered £183m in losses (net of the A$50m Roberts indemnity). The court hearing to determine damages with regards to CBUK is scheduled for Apr-07. The claims in relation to Mott McDonald design engineers may be decided by court or insurance settlement over the next 6-9mths. Our understanding is the claims against WNSL & Mott McDonald are larger than those against CBUK.
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