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Any views on a mining services company Vysarn Ltd (VYS)

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Any views on a mining services company Vysarn Ltd (VYS)

Hi Just wondering if you have come across a mining services / dewatering outfit called Vysarn. (VYS), some of the people that helped build Forge group look like they are behind it. Would be interested if you had a view. Keep up the good work and more suggestions like XRO please! Cheers, William

Answer

Hi William,

Vysarn (VYS) is an engineering contracting firm focussed on various water needs for various projects across mining, agriculture and utilities. They aim to provide water efficient and environmentally friendly solutions to their clients, and they have had great success in doing so, recently upgrading guidance.

While providing such a specific offering can support margins for contracting firms, it does also increase the risk around earnings which tend to be lumpy and often unpredictable. In our view it would make sense for a larger contractor to make a play at Vysarn to build out their offering to clients.

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Vysarn Ltd (VYS)
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