What is the outlook for CIMIC (CIM)
Hi there, Haven't asked a question since subscribing 12 months ago. Bought some CIM on the way up and into the $20's during latter half of 2020 as a reflation and infra play. Understood that it's had a rocky last few years and much of the news has been '-ve' surprises which the market never likes. Also invested on basis that they had a good pipeline, involved still in some mining services upside and government spending on infra AND that they had a large share buyback program and had bought very few shares on market. And the rest is history, more negative news and forecast at full year and now trading at longer term lows and any sort of decent blip up is being sold into (it appears). You have not been a fan, I know but is it now in the 'buy' zone. Also the fact that they haven't been enacting much volume on buy back potentially means takeover target? Current thoughts appreciated. Regards Mark
