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Intelligent Investor
Intelligent Investor

Abigroup Limited

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By Intelligent Investor · 17 Apr 2003
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Intelligent Investor
By Intelligent Investor ·
17 Apr 2003
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Recommendation

Abacus Group - ABG
Current price
$1.14 at 16:40 (19 April 2024)
Price at review
$2.12 at (17 April 2003)
All Prices are in AUD ($)
This construction group has been awarded a $77m contract to design and construct the third stage of the Craigieburn bypass north of Melbourne. The freeway extends on the previous stages that are also being constructed by Abigroup. And stage four of the project is still up for grabs. The company has also announced that it is part of a consortium with Macquarie Bank bidding for the $1.8bn Mitcham-Frankston freeway tender in Victoria. The share price is little changed since we last reviewed it in issue 117/Nov 02 (Long term buy - $2.09). With over $1.6bn in work on its books, we continue to recommend it as a LONG TERM BUY.
IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.
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