Couldn't agree more. Sentiment is rock bottom based on the '21 year with people projecting more of the same & compounded with everyone bailing with tax loss selling. This is all about next year as you've pointed out. Little downside risk, enormous upside potential. The order book will escalate rapidly over the next six months. They are less subject to labour cost inflation than mining services by virtue of where they operate geographically.
Dickie in the high chair makes a massive difference, extremely capable & solid industry history of achievement. Revamped senior management now in place.
Not much has to go right & it will do very well. One of my favourite industrials for '22. My fair value is $1.10 & that's conservative
DCG Price at posting:
45.5¢ Sentiment: Buy Disclosure: Held
