AEG's order book is still decent but margins are getting squeezed hard on these projects. At R4.17 the mark…by @rawssy_links on $AEG

AEG's order book is still decent but margins are getting squeezed hard on these projects. At R4.17 the market's pricing in a fair bit of pain, ngl. If they can actually deliver on the infrastructure contracts without blowing costs then maybe there's something here, but the balance sheet needs to stop leaking cash first.