Pinned straw:
GNG is slated to report in a week's time, on Tuesday 26th August, and they've had a good run-up leading into these results:
And while I have been thinking they looked overbought, and have been lightening (trimming) my positions up here - although I still hold GNG - today's results and associated market reactions from SRG and MND, two other engineering and construction companies who have some similarities to GNG - have been encouraging:
SRG FY25 Full Year Results Announcement
2025 Full Year Results Briefing
2025 Full Year Results Presentation
Monadelphous-Reports-2025-Full-Year-Results.PDF
2025 Full Year Results Presentation
So, both SRG and MND have had a good run up into today's results and then been bid-up on their results on top of that. It's seems like there's some bullish positive sentiment returning to the sector on the back of positive results and increased work and profitability.
Looking forward to GNG reporting next Tuesday (26th) and LYL reporting tomorrow (Wednesday 20th August), particularly LYL (Lycopodium) as they are my largest position in real life by a decent margin.