Having made some well-timed and shrewd acquisitions, this company's profits and earnings per share are set to move materially higher. A highly experienced management team has already proved its capability at markedly improving profitability of past acquisitions.
Importantly, by targeting four separate platforms for growth, the company has built up a diversified revenue stream that should prove resilient no matter the economic backdrop. Add to that the manifesto promises from UK political parties to boost UK infrastructure spending significantly, and the shares are simply too lowly valued, trading in line with book value and on a 2020 forward price-to-earnings (PE) of 10 times.
