Is CIMIC great value, or a value trap?
CIMIC Group (CIM) endured a challenging 2019. It was underlined by disappointing financial results, challenges in the Hong Kong construction business, concerns about cashflow performance and a substantial write-down of its Middle East business. Has the resultant share price fall provided us with a great chance to pick up CIM at cheap levels? Or is buying it here a value trap? About CIMIC Group CIMIC is an engineering-led construction, mining, services and public private partnerships Company. It works across the …