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$22.00 cimic group limited

$35 by January, page-35

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Sabbath

10,757 Posts.

412

08/02/21

09:55

Post #: 50785061
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Originally posted by FinallyUp ↑

good too see this dog in the green today while the material and industrial sectors hovering in the red. they should break the recent high $28.72 recorded on the 9th of June 2020 before they pullback again.

the good news is that they have indicated on their website that they're due to report the full year results on 10th of Feb, next month. depending on the result we may not see pullback before we break through my price target between $30 to $35 mark

I'm fairly optimistic about my price target particularly after reading their announcement about their cash proceeds from the sale of their mining services arm. I believe their full year results will be relatively strong. they should now start paying dividends and have some strong outlook expectations given the well anticipated public infrastructure spending

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Here we go again, the saga continues...........

$1.3bn blow for CIMIC in troubled Qatar unit
08/02/2021
Construction giant CIMIC faces a fresh business setback in the Middle East after its Qatar venture was served with hundreds of legal claims.

CIM Price at posting: $25.92 Sentiment: None Disclosure: Held
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0 Great analysis

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