The below post is from 14th December and a check of the latest charts will show the rally which is now occurring in both names.
Both Downer and CIMIC are current holdings in the ASX 100 model portfolio.
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The graphs below show the price action finding recent buying support.
We see a supportive backdrop with increased infrastructure spending, likely to underpin earnings growth in both businesses for the next 3 – 5 years.
NOTE: Today CIMIC Group has announced an on-market buy back of up to 10% of the shares on issue.
