You make a good point IMO Bug
But have a look at Cimic as as an example - there is a flood of infrastructure projects coming through, and more have been added in the last couple of weeks with the snowy and energy infrastructure in South Aus. Work in hand is huge, at about 3x annual revenue for DOW. This is higher than CIM which is at about 2.5x. There seems to be no letup in work coming through. Eventually there will be a down stage in the cycle of course, so maybe DOW was overvalued on a through cycle view, but the value of peers would need to fall as well, otherwise DOW will be arbitraged against their peers on the market.
SWL has just received a takeover offer, UGL and MAH have or are being taken over. The sector is hot ATM.
You make a good point IMO Bug But have a look at Cimic as as an...
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Last
$5.76 |
Change
0.050(0.88%) |
Mkt cap ! $3.626B | |||
| Open | High | Low | Value | Volume |
| $5.75 | $5.81 | $5.69 | $4.241M | 737.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11134 | $5.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.76 | 9983 | 4 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| DOW (ASX) Chart |
