SRG was STS M/S sector

[Joshuatree]

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