Perenti Global

Perenti Global, a mining services company, saw its stock knocked after a 13 May profit warning, but the directors have been buying the stock since then. The profit warning was not because business was bad, but because of the tight Australian labour market combined with a high Australian dollar (impacting offshore earnings). And a bit of Covid-19 impact took its toll as well.

We think recent contract wins and expansions in North American can ultimately overcome these headwinds, which are only ...

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