18/06/2025 09:33

Emerging Companies Portfolio – Amendments

We are selling two holdings in the Emerging Companies Portfolio today

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18/02/2025 17:08

SRG Global (SRG) $1.395

SRG -2.11%: Reported 1H25 results that underwhelmed first up this morning, though it seems like they’ve been conservative on guidance.  

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10/10/2024 09:22

Emerging Companies Portfolio – Amendments

We are making several changes to the Emerging Companies Portfolio Today

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21/08/2024 09:20

SRG Global (SRG) 86.5c – Trading Halt

It’s been a big 24 hours for SRG, releasing strong FY24 results, announcing an important acquisition, and launching an associated capital raise to fund it partially. We currently hold a 3% weighting in SRG for the Emerging Companies Portfolio, having trimmed it at 92.5c last month, though the series of events discussed below, has us firmly bullish on the stock.

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26/07/2024 10:12

Emerging Companies Portfolio – Amendments

We are making several changes to the Emerging Companies Portfolio today, repositioning towards stocks we believe offer a better mix of quality and leverage to the themes we remain confident in

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22/05/2024 08:48

Trade Alerts – Emerging Companies Portfolio

We are making a number of changes to the Emerging Companies Portfolio. Selling FCL & GL1, trimming SLX, SFR, CNI & SRG, buying LTR & BWP, and adding to AD8 & C79.

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20/02/2024 16:44

SRG Global (SRG) $0.765

SRG +4.79%: the mining and asset services contractor announced 1H results today, impressing the market and taking its share price to 10-month highs. Revenue grew 34% to $510m, while earnings (EBITDA) were up 33% to $45m, around 10% ahead of expectations.

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06/02/2024 09:20

SRG Global Ltd (SRG) 68c

Construction services company SRG is a high-quality business that looks set to win ~$1bn in contracts this financial year, with cash conversion likely to rise through FY24, helped by its stable of top-quality clients, including the Government, BHP (BHP) and South32 (S32). It's still cheap, below 70c, making it an excellent opportunity at the smaller end of the market.

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20/09/2023 09:17

SRG Global (SRG) 66c

The mining and services contractor has fallen by -7.04% since the start of the month, though partially offset by a 2c fully franked dividend. The fall has come on the back of pressure on the value end of the market, but also attributed to a softer outlook for infrastructure which has weighed on the space with selling pressure on SRG compounded by what was perceived as a weak result by the market – we discussed the result here. In our view, the stock is cheap and we have no major concerns with their outlook, the market does not agree with this view for now!

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22/08/2023 17:04

SRG Global (SRG) 72c

SRG flat: the engineering company was out with FY23 results today which came in ahead of expectations however the stock failed to react as we would have expected. Revenue was a ~6% miss, mostly on the timing of payments, while EBITDA was a small beat.

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