Despite cheap valuations and pretty decent historical dividend payments, AECI’s share price has been a serial underperformer on both a relative and absolute basis over the past few years.

Though the company reported record 31% growth in revenue in its interim results released during July, the share price has continued to go in the wrong direction. This is happening despite customer demand for its products in its core mining unit starting to return, as evidenced by key factors such as global mining volumes looking better now than they did during the pandemic...

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