since CR this has consolidated nicely and formed a nice base at 12.5 (cheap).
It appears all the corporate action is now over, let the business do the talking.
With the mining industry still in full swing rail needing massive repair and additions, and the tanker business going at full pace, this is heading for increasing revenue and profits over the next year or two.
This will be a nice little divided stream in a couple of years with double digit returns.
When will the consolidation end and a sharp rerate take place is anyones guess, but my money is in place and I'm waiting for the ride to start. 18 cents by September and 25 by Christmas.
EGN Price at posting:
$1.25 Sentiment: Buy Disclosure: Held
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