No divi, but what growth! HEPS of 140c, so on a PE of just over 5x. Cheap. Buy
Agreed!
Great turnaround. Management are also being proactive and getting rid of lagging divisions. Loss making power line division exited. Eskom not awarding anymore power line projects. Eish no manie...
Their order book for this year is already over R12bn too. I like.
However,
Don't think growth is sustainable in the LT but worth a punt at these levels in the short term.
Compared to similar companies:
AEG, GRT, AFT, RBX, WBO all sitting on PE's close too and mostly over 10.
Cheap.
Buy.
