CIM:ASX is likely to see improved earnings in FY22 and we expect to soon see a recovery in the share price.
CIMIC is a high risk counter trend investment with the prospect of a multi-year recovery, once earnings hit an inflection point.
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24/4 CIMIC breaks above the 10-day average after forming a new trend low mid-week at $16.86.
10/5 Dec 21 $20 call options are now trading at $1.10.
14/5 CIMIC is now trading $19.84 and the Dec $20 calls have jumped from $1.10 to $1.50.
17/5 CIMIC is now trading $20.56 and the Dec $20 calls have jumped from $1.10 to $1.75.
