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  1. #1
    IMO
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    Default SRG was STS M/S sector

    Have bought pre results. DYOR not a recco
    M/S sector has been hot lately.Lots of good results coming out;some cashed up; takeovers ahead?
    Provides engineering and contracting services to the construction and mining Industries

    SRG Ltd. engages in the provision of providing engineering and contracting services.

    It operates through the following segments: Construction, Mining, and Corporate segments.

    The Construction segment offers construction services, post tensioning, concrete placement, and remedial operations.

    The Mining segment includes services mining clients and production drilling.

    The Corporate segment represents the entity that conducts transactions relating to finance, taxation, treasury, corporate secretarial, and strategic investments.

    The company was founded in 1961 and is headquartered in South Melbourne, Australia.





    "SRG(formally STS) SP keeps on improving basically doubling in the last 12 months to a $78 mill MC. But delving deeper SRG with a recent property sale and upcoming FY results will have in excess of $30mill in the kitty giving it a EV of $45mill. Have flagged a FY NPBT of $8-9 mill. Very much a diversified play in mining/infrastructure. The chairman is a former Leighton MD. But the big one for me is this contract when known as STS."


    No Debt


    Approx 63 mill shares on issue mkt cap re $78 mill


    3 of Management in Top 10 holders.


    $150 million contract over 5 years below. Umbrella deal adds $110 mill.






    http://www.asx.com.au/asxpdf/2015122...k6v68hz7y1.pdf


    Broker Report


    2016-06 Hartleys Limited


    SRG awarded $8M silo contract at Hanson quarry 4/07/16


    MARKET UPDATE - Strong Profit Growth in FY16
    Last edited by Joshuatree; 24-08-2016 at 11:37 AM.

  2. #2
    FEAR n GREED JBmurc's Avatar
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    Default

    Changes ticker and BOOM ...looks a great safer end of town holding .... be interesting how they invest their cash pile ...
    "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

  3. #3
    Advanced Member
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    Default

    Think the mining service sector will have some big winners in time . MND got hammered yesterday on their result .
    I like TPP in this sector and am currently holding . Looking to add more in this space .

  4. #4
    IMO
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    Default

    Yes ditto TPP.

  5. #5
    IMO
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    Default

    PDF FY 16

    PDF 53% increase in NPBT & 4c final div

    PDF
    Annual report

  6. #6
    IMO
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    S/P finished 7% up. Very happy to hold this for longer atp as work in hand already far exceeds last year plus the 5 year $150 mill contract with EVN and SRG is really just beginning its transition after laying foundations to adapt and change from STS. Stong niches including dams,a patented sure lock system and a huge Global pipeline, newish leadership,loads of cash and an EV of $60 mill.Im bullish.

  7. #7
    IMO
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    Up 13% since results as SRG is being rerated following results.Nobody else saw the value here? Sa La Vie

  8. #8
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  9. #9
    Senior Member
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    Default

    Thanks for your great ideas and info JT. I've just had time for a glance and looks pretty good in terms of value, balance sheet and predictable revenue. Have you delved into management track record?

  10. #10
    IMO
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    Like what i see in the Bios in the annual report but can't remember and record various company management.Still waiting for someone to release a regular online rating / feedback/ history/success etc publication of CEO's,CFo's ,Directors ,chairmen and management. Be an investors bible.

    ps a friend spotted this one and i agreed but it took a while.

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