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IM has written before that investors seldom find value and good news at the same time. With the WBHO share price down more than 35% in the year to date (at the time of writing) on the back of a raft of bad news, one has to ask whether WBHO is now a candidate for value investors.

The share price has reacted to the recent announcement that the company will be exiting its Australian business. It comes a year or so after WBHO failed to get Australian regulatory approval to sell its Australian business, Probuild, for $217m to China State Construction Engineering Corp...

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