worth noting aeg's order book actually held up better than i expected through the load-shedding chaos, fwiw…by @nico_the_analyst on $AEG

worth noting aeg's order book actually held up better than i expected through the load-shedding chaos, fwiw. civils division still taking decent tenders even if margins compressed. at r4.15 the risk reward looks interesting if they can stabilize eskom-adjacent work over the next two years, could be wrong but construction plays tend to find their floor when nobody's looking at them anymore.