SVW has been impacted on a number of fronts including shipping delays with regard to transporting Caterpillar products. However there are lots of moving parts with Seven Group including the potential disposal of its stake in Beach Petroleum, a position that has noticeably underperformed its peers. Overall we like SVW in today’s new inflationary world with its Caterpillar equipment and Coates Hire exposures poised to cope well with rising prices.
MM is neutral to positive SVW around $22
Add To Hit List
