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Civmec
18-11-2015, 09:22 AM.
Post: #21
RE: Civmec
My investing journey in this company has been lucky! I got in at 70 cents, then after reading GG's postings, decided to bail out at a loss of $110 total. Then the price crashed and I got back in at 40 cents, which appears to be stable so far. Look at the recent spate of strategic moves - going into Defence contracts and snagging their first contract in Newcastle (they're based in Perth), it appears that Civmec Management is far from taking the O&G downturn lying down but fighting very aggressively to diversify into other areas - quite counter cultural to the laid-back Aussie mentality! The most recent results are a bit down mainly because of FX conversion, but both revenue and NPAT are up. I'm looking to add when the price is right. Any views from other VBs?

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