The buyback notices that are coming out at about 6pm daily will point to where CIMIC is heading. As 5 day VWAP moves higher, CIMIC will be able to pay higher.
It all depends on what Hoctief plans are. If it wants 100% of CIMIC then better buy now!
Hey, CIMIC won lots of major contracts in Oz. The Second Sydney Airport project is huge and long term. In Melbourne, eastern freeway connection to Western ring road. And in Brisbane, the Cross River Rail. Hoctief will be looking at increasing their 72% holding in Cimic.
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- Ann: Daily share buy-back notice - Appendix 3E
Ann: Daily share buy-back notice - Appendix 3E, page-9
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