Concur.
For the newbies, definitely suggest DYOR!
Printable View
Hobson Wealth recommended VNT to The Trust I am a trustee of.
Modest PE of 11.85 with a yield of 5.94%.Solid growing business.
The trust bought some.
Two pages of comments and no one has said what the company does. Peak sharetrader 😂
Website isn't much better ...
Quote:
WHAT WE DO
We provide long-term operation, maintenance, and management of critical public and private assets and infrastructure across a diverse range of industries.
Ventia Services Group Limited is an Australia-based essential infrastructure services provider in Australia and New Zealand. It has four segments: Defence and Social Infrastructure, Infrastructure Services, Telecommunications, and Transport. Defence and Social Infrastructure segment provides maintenance and support services to customers operating across defense; social infrastructure, including education, social housing, justice and health; local government; and critical infrastructure. Infrastructure Services segment supports ongoing maintenance of infrastructure including utility infrastructure and Resources and Industrial assets. Telecommunications segment provides end-to-end service capabilities that span design, supply, minor construction, installation, commissioning and maintenance of telecommunications networks and infrastructure. Transport segment provides maintenance, project delivery and technology solutions to owners and operators of road, motorway, tunnel and rail networks
And their results presentation 25th August 2022.
https://stocknessmonster.com/announc...asx-2A1393271/
And today;
Ventia Services Group Limited (Ventia) has been awarded a significant contract with NBN Co. The
contract is an extension and new scope under NBN Co's Fibre Connect (Fibre to the Node to Fibre to
the Premises) program and is expected to deliver revenue of approximately $280 million to Ventia over
the next 2.5 years.
Could be awarded some of the Three Waters work or whatever they call it now and military outsourcing in NZ...
This presentation gives a good idea of VNT's business.
http://nzx-prod-s7fsd7f98s.s3-websit...745/393546.pdf
http://nzx-prod-s7fsd7f98s.s3-websit...274/395575.pdf
Ventia has been awarded a two-year extension to its community facilities management contract acrossTahi and Wha regions with Auckland Council. The contract is valued at approximately AUD$140million over two years.