ACF made a poor start to life on the ASX, with some badly worded updates which were not anticipated and which dented confidence. The updates made things look worse than they actually were. They have had to prove that things are back on track, which they now are. But it takes time to earn back investor confidence, especially when investors initially thought that COVID would be bad for construction companies. The stock remains very cheap and they will be a major beneficiary of increased civil infrastructure build, and so if they can keep over-delivering the share price should eventually respond similarly.
ACF Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
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