Interesting to note that in the AFR and SMH, they noted the winners and losers of the govts infrastructure spending. LEI and UGL, MAH were noted...but DOW was absent.
With DOW turning over in excess of $6b this year in infrastructure projects, Id say this was a bit of an oversight by both.
But heh, still provides a great opportunity to avg up before the mkt catches on...and it will catch on.
Downer Works Infrastructure building roads/bridges and the like will benefit hugely, as will Downer Engineering (electrical/mechanical) and Downer Rail (carriages/station/rail line upgrades) and even Downer Mining...the mkt just doesnt get this coy IMHO.
I think it was oversold over the Iluka fiasco and just hasnt recovered since. New MD, new Board direction and improved profits will deliver the SP we holders are expecting...thats unless Leightons dont want a step function in their conglomerate.
infrastructure winner
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Last
$4.58 |
Change
-0.010(0.22%) |
Mkt cap ! $3.075B | |||
| Open | High | Low | Value | Volume |
| $4.61 | $4.65 | $4.58 | $2.953M | 642.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14189 | $4.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.59 | 2179 | 1 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$4.60 |
Change
-0.010 ( 0.52 %) |
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| Open | High | Low | Volume | ||
| $4.60 | $4.65 | $4.59 | 382531 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| DOW (ASX) Chart |