that sinking feeling, page-2

I am doing the opposite, loading up on more. This stock should be higher. Firstly its doing a share buyback, a good indication of management confidence for the future. Secondly, its global diversity from memory I think it makes 80% of revenue outside Australia. Most mid cap mining services companies are majority in Australia which is where the most projects are being abandoned, it wont really affect AAX. Overseas eg places such as Africa and South American projects are not being cancelled due to their lower costs EG labour. Additionally, Ausenco just doesnt supply the minerals sector but its in the renewable, energy, ports, train lines and other stuff.

Overall, im still in + buying more.