Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hey James and Team. This is a very well diversified Group which this week had a strong report with sound fundamentals. I particularly like its strong ROE. SP has grown strongly over the last 5 years with a strong management team. I would appreciate your view on SVW and whether you would buy the stock now. You last covered the stock some time ago . General advice only Many thanks
Hi David,
Sorry about the delayed response to this question, looks like it missed cut off last week which is around midday on Friday.
Seven Group Holdings (SVW) delivered a really strong result last week with growth both strong and above expectations. They guided to more of the same in FY24, albeit at a slower pace than the ~20% they delivered in FY23, the company saying more like low to mid teen growth in earnings (EBIT). Most parts of the business are doing well led by ongoing turnaround activity at Boral, improved hire utilisation at Coates, and sustained demand for mining parts/service at WesTrac, the only part not doing so well is Beach Energy (BPT) but if they can get improved operating reliability there, it will further improve the outlook.
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