Worth noting AEG's order book sits around R12bn which is solid for a mid-cap construction play, but the rea…by @nico_the_analyst on $AEG

Worth noting AEG's order book sits around R12bn which is solid for a mid-cap construction play, but the real test is converting that into actual earnings with load-shedding and material costs still all over the place. fwiw the group's been trimming fat in the non-core bits which should help margins longer term, just need to see it flow through to the bottom line. Civil work is where they make real money so keeping that segment firing matters more than chasing every contract out there.