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41.3¢ valmec limited

20 million in new contracts, page-74

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mdesai

456 Posts.

469

07/12/20

12:43

Post #: 49391274
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Originally posted by honeysoy: ↑

Valmec looking for Another Senior estimator job in structural , mechanical and piping fabrication, construction.
Logic says they wouldn’t be looking if there wasn’t some future tender business in the pipeline.
Have watched SRG global push strongly above their pre covid levels on the back of a good infrastructure presentation.
Valmec still lagging a fair way below their pre covid price so hopefully they have another announcement shortly will push them back above the 30c plus levels .
The recent presentation was top shelf but they certainly didn’t get the follow up buying on the back of it like other companies have. Very much still flying under the radar.

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Good buy opportunity, if it goes below 23c I will add more lot to my holding.

Once they start announcing revenue and earnings from new Infrastructure projects in CY21, 40c may look much below fair value.

This one is not on radar for long, as other ASX stocks are now becoming overvalued this may come in notice.

VMX Price at posting: 23.0¢ Sentiment: Buy Disclosure: Held
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