Will the civil infrastructure cycle produce anywhere near the demand for pipe and cables and associated support systems that the LNG/mining boom produced?
No, it certainly won't.
But the infrastructure cycle will be a more enduring, and manageable, cycle; as opposed to the frenetic and manic commodity cycle which went from "one-day-everyone-suddenly-had-more-work-than-they-could-cope-with" to "deathly-silence-and-now-we-need-to-sack-staff" in the space of just a year or two.
Also, while KOV is unlikely to be generating the ~$10m-level EBITDA that it did at the peak of the commodity cycle, having more than halved in value since then, the stock is not priced for that outcome, anyway.
Ann: Half Year Accounts - Appendix 4D, page-9
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Last
$10.00 |
Change
0.020(0.20%) |
Mkt cap ! $117.4M | |||
| Open | High | Low | Value | Volume |
| $9.99 | $10.30 | $9.98 | $87.72K | 8.671K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50 | $10.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.25 | 250 | 1 |
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| Last trade - 14.40pm 30/08/2024 (20 minute delay) ? |
| KOV (ASX) Chart |