Still straddling the MA200 (with positive outlook?) and yesterday's AGM made certainly an impression on the share price.
Just looking through the presentation - it is still a mixed bag, but the number of goodies are clearly increasing: good growth in NZ and (the much smaller) UK, they managed to turn North America finally around and Australia looks neutral. Just imagine how great this company could be if they would not have bought into Stewart Weir ... typical case of management grandesse by spending ways too much by buying a cyclical company at peak prices ...
Anyway ... management making now more positive noises and the market seems to agree.
Yes starting to look a lot better.
Be interesting seeing how long it takes them to loose their reputation as "serial under performers."
It was certainly well deserved.!
Takeover offer today of $1.78 after stagnating at $1 for last 2 years. Sadly already sold out last year otherwise would be in boots and all at that sort of premium
Good morning for me, Opus no longer my worst performing investment. I always thought there was a bit of value in oic being hampered by squandering of money in acquisitions.
What a cracker surprise.
A friend of mine suggested I buy some as they had a lot of people working on the Kaikoura earthquake.
Luckily I took his advice, and brought a small parcel.
Takeover offer today of $1.78 after stagnating at $1 for last 2 years. Sadly already sold out last year otherwise would be in boots and all at that sort of premium
Takeover offer today of $1.78 after stagnating at $1 for last 2 years. Sadly already sold out last year otherwise would be in boots and all at that sort of premium
It is not entirely luck imo an argument can be made for the market undervaluing Opus. There has also been a lot of consolidation in engineering professional services (the one other engineering consultancy I have owned also got aquired).
Reply With Quote
Originally Posted by Baaarney
Bookmarks