Ann: 2021 Half Year Results Presentation, page-7

Why so cheap? @madamswer
Also they were meant to IPO with 84m shares right? And went with 52m?
e.g. buying back in $50m shares (32m - so like essentially 25%)? now mgt is buying more shares back.
why ipo anyway? is covid -timing to blame?
as you say, adjusted ev/evit is perhaps~4x
also given the focused on operations - this should be way higher.

Compared to comps...it is very cheap.
Similar to Fluor, however based on GP%/EBIT margin should be higher.

very interesting thanks for posting.