shares4sharing
Long

#AUG - contrarian buy on new team and strategy

LSE:AUG   AUGEAN PLC ORD 10P
Not often I come across a share with zero momentum, but the share price of #AUG has barely moved since September 2017 and could represent a deep-value contrarian play. On a forward PE of 4.33x, forecast earnings per share growth of 22.2% and a dividend yield of 4.89% it has something going for it. On the down side it has a low ROCE and issues with HMRC, but I like the cut of the management team and a few grey hairs with Private Equity experience always gets me interested. I bought an initial position at 28.44p. DYOR.
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