SRG -1.96%: We missed covering yesterday however the construction contracting and mining services business hosted their AGM with some positive snippets. While many other contracting businesses are struggling to maintain margins, SRG has managed to keep a lid on wage cost pressure and continue to win work. They reiterated guidance of 15% EBITDA growth in FY22 with $1b of work in hand (WIH) and a pipeline of another $6b worth to bid on – plenty to keep them busy and grow earnings into.
MM remains bullish and long SRG
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