Is your sentiment still holding btw... I am On the fence with this one, this is a small holding and I need some losses as I am going to ride NWH given recent news. And could easily use this to buy some more of our mutual friend?
Problem I have with this sector/stock, is whilst it's cheap and does pick up civil works, I just think we need another negative wave with a few of our rivals to go under (sorry to say) so that the pool of MS companies we compete with are drastically reduced.. Only then can I see up an uptick in the sector.. Yes this is cheap, if not one of the cheapest in sector, but what is the catalyst for a rerate??
Sure if they pick up the 7m, great, but look at the action today on NWH, they've reportedly snagged 20-30m but people are still worried about covenants, ability to pick up work yada yada.. I see the MO for these companies is to bunker down and cut costs, but this mob can't even do that right??
Interested in others thoughts... Where's @Pioupiou at?
BYL Price at posting:
24.0¢ Sentiment: None Disclosure: Held
