Ann: Macmahon FY22 Investor Presentation, page-38

Yes but it's not the only one, not that that softens the disappointment.
I owned it back when it was in the 30s I think but I sold it when it started to go backwards.
When I looked at it again it was 13-14 and I thought this can't drop any further and bought back in.
I think it's got a fairly strong order book but as I said already, there are bad vibes for the construction sector with the downturn, the labour problem, the collapse of Clough & Downer and maybe union troubles ahead.
I'm just going to wait it out and hope there's a recovery. Some people will point to Perenti going gangbusters but it's a mining services business in the main, not a construction services business.