Bullish Sign? - Bounced off 200 EMA, page-2115

Thanks Josh
Here’s another story
https://www.insideconstruction.com....train-engineers-advantage-infrastructure-boom
“Salini, which has built its business through mergers and acquisitions, including the 2015 purchase of US construction group Lane, plans to grow organically in Australia."
NSW is currently trying to address skills shortages by requiring at least 20% of the total labour force on infrastructure projects to be trainees or workers updating their qualifications, and at least 20% of trade jobs to be filled by apprentices as part of its new 10-point collaborative action plan.
"The NSW government was very wise to start working more collaboratively with contractors on big projects because it was in a hurry to build them," Salini said.
"While it made sense for contractors to take on risks for fully developed projects, it made less sense to outsource risk for projects in the process of being designed because the risks were harder to evaluate.
"Sydney's Rozelle Interchange, which will link the city's new $16.8 billion WestConnex motorway with the CBD, was very challenging."
Salini leads a consortium that includes engineering group Clough and Samsung C&T, which has been shortlisted to design and build the interchange. The other shortlisted consortium includes John Holland, CBP Contractors and Lendlease.”

Good luck to them as two ‘anonymous’ global entities in bed together ... not a lot of ‘feeling’ in that although I saw, in the story I linked to, the company is claiming it’s basically almost as Aussie as vegemite having been around since the 1970s. ( said Global Chief Executive, Pietro Salini, on his first visit )
No wonder he feels the business is not particularly sexy !
The point is that NRW is sexy ...in the sense that it is personal, individual, accountable, strongly based in a network of supportive partners, small enough to be agile and large enough to command respect and brilliant at what it does.
If that is not having “it” in the business world what is?
Obviously price point is an important decider in terms of which company is selected on any contract but reputation and personality comes into it as well and if you look at the entertainment world (which Mr Salini feels is so much sexier) you see the left of field popularity of shows like Nanette where individuality is selected and supported with ratings over ... I don’t know .... Big Brother.
‘Boutique’ businesses are the way of the future and big business knows that.
It will be interesting to see who they intend to organically acquire.
Cheers