Latest Press Articles, page-4

ACX fits perfectly into the Montgomery frame, high growth, high quality mid cap, that has been heavily discounted recently, and so, as per yesterday's article, represents outstanding value.

RM's fund holds ISD, (and quite possibly the others he mentions) but ACX is also all about growth,  driven by its international enterprise agreements- which are growing new projects rapidly (eg the US18.2 bnHK airport expansion inked on the 9th November this year) and its global market leader position. ACX has very minimal (if any) exposure to the Australian apartment market.

They deal more with mega energy, infrastructure and construction projects, like new airports, bridges, tunnels, dams, highways, hospitals,  resorts, power plants, oil wells, mines, etc, etc, etc.

Last week,  on Wednesday and Thursday, the short brigade threw around 1.2 million new shorts per day ( around 60% of volume each day) and the ACX sp still rose 27 cents on Wednesday and 13 cents on Thursday.

They also facilitated a negative press release in the SMH and that still didn't help them . Though perhaps there was  some minor backwash Friday.

They appear to be desperate, and have thrown everything but the kitchen sink at this. The charge on Wall Street towards the 20,000 level, and the higher oil price are amongst factors working against them.

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6
0	Date	Gross shorts 1	Issued capital	% Capital shorted 2	Trade volume 3	Shorts as % of volume
1	Thu 8th Dec, 2016	1,241,951	197,760,938	0.62%	2,099,477	59.16%
2	Wed 7th Dec, 2016	1,308,419	197,760,938	0.66%	1,964,883	66.59%