My only concern (very little concern) was the drop in work...

My only concern (very little concern) was the drop in work orders (or work in hand) from last report, but that was addressed by the new MD in the video, plus a lot of the work awarded is cyclical in nature, depending on the work type and needs. You're right, from a chartist point of view, this looks awful, but considering its growth trajectory, growing dividends, new acquisitions etc. its relatively undervalued in my opinion, plus the relatively low debt and good cash on hand. Its not to say you're wrong and that there might actually be something we are unaware of, but i think its more likely that someone is pushing it down to accumulate a good chunk, i've seen this before....just my opinion.