Comment on SXE
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Hi Oliver,
This $150m electrical & communications contractor is an interesting small cap that counts Mitsubishi UFJ, KKR, Tiga Trading & Thorney Opportunities Fund as their top 4 share holders. FY21 was a tougher year for them after good growth in FY20, while the 2 analysts that cover it are expecting higher revenue and profits for FY22 putting it on just 8x earnings with a yield of 4.84%. While it is too small for MM, the key will be on the 31st August when they report results. If they can deliver the $18m in profit the market is looking for, it will be a good result.
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Southern Cross Electrical Engineering (SXE)
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Southern Cross Electrical Engineering (SXE)
