Still worth a nibble
RECENTLY it was announced construction group Protech Khuthele secured more than R350m in contracts in the roads, construction and waterworks sectors. These are significant wins for the group.
With that in mind, we re-visit the investment case for small-cap turnaround Accentuate, a stock I have been slowly adding to my portfolio. While construction groups like Protech grab the headlines for the big projects, Accentuate f lies beneath the radar with their f looring solutions. They also have an interest- ing water treatment joint venture, which is still in its infancy but offers some serious potential in the long run.
With a net asset value of R1.21/share – a significant premium to the 80c/share where the counter is currently trading – Accentuate looks like a business that could unlock solid value should capital expenditure pick up.
Projects are starting to pick up across the board and this should ultimately translate into revenue for Accentuate.