Investors rush out of Transfield Falling ... Transfield shares have tumbled more than 60 per cent since May 9. Transfield Services has slashed its profit forecast to as low as $62 million for the year to June in the wake of slowing resources spending. The company now expects to post a net profit before amortisation charges and write-offs of $62 million - $65 million, substantially less than the $85-90 million figure flagged earlier. Transfield shares slumped 29.5 cents, or 23 per cent, to an all-time low of 98 cents in early trade. The stock has now lost more than 60 per cent since May 9. Reflecting the heightened business pressures, a further $5.9 million of restructuring charge is to be booked as it continues to reorganise the business, it said. The news comes as Transfield prepares to host an investor day.