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SKS - SKS Technologies Group

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System

System

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Stokes Limited (SKS) is an Australia-based company engaged in merchandising and distribution of appliance spare parts, badges, medallions, electrical switches and controls and the manufacture of electric elements and metal components for industrial and household products. The company operates in 2 segments; manufacturing and merchandising/distribution which consist of two business division: Stokes Synertec and Stokes Appliance Parts.

http://www.stokes-aus.com.au

Stokes Limited was formerly known as Stokes (Australasia) Limited.
 
On July 30th, 2018, Stokes Limited (SKS) changed its name and ASX code to Enevis Limited (ENE).
 
On December 9th, 2020, Enevis Limited (ENE) changed its name and ASX code to SKS Technologies Group Limited (SKS).
 
System said:
On December 9th, 2020, Enevis Limited (ENE) changed its name and ASX code to SKS Technologies Group Limited (SKS).
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seems to be the same old crowd. from the website: https://www.sks.com.au/
SKS Technologies (a subsidiary division of Enevis Ltd) is a leading provider of audiovisual products & solutions and electrical and communications cabling for the commercial, retail, health, defence and education market. With the vision and experience to pioneer audiovisual installation solutions, SKS Technologies have created a ‘one company, one complete solution’ approach for our customers.
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With over 40 years of experience in the electrical, audiovisual and communications industry, SKS Technologies support customer’s complex and ultra specialised projects with friendly and experienced staff including project managers, engineers and industry certified technicians ensuring our installation are of the highest quality.
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An interesting business that seems to be going very well.

sks1.PNG


Price chart shows a very strong trend. It's thinly traded so not suitable for short term traders.

sks2.PNG
 
This video was posted on the SXE thread but he mentions some other picks and shovels companies riding the electrification wave from 4.40, including SKS. Whole clip's worth a listen though.

Not Held

Three stocks with further AI upside to come... on ausbiz

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ausbiz.com.au ausbiz.com.au
 
SKS up another 18%

It's like the ASX is starved of choice relating to the electrification or AI themes? Looks massively overvalued at 26 x Book value b4 today's rise. Check out GNP chart too.

Not Held
 
peter2 said:
An interesting business that seems to be going very well.
Price chart shows a very strong trend. It's thinly traded so not suitable for short term traders.
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A belated thank you for the heads up @peter2 It got me interested but for whatever forgotten reason I didn't buy at the time (even though there was an obvious breakout), but did so at when I saw it breakout at 83.

From the address at the AGM today: (My emphasis)

When I stood here before you a year ago, I knew that the future for SKS Technologies was very promising. Based on our revenue performance to that date, we believed that we could achieve revenue of approximately $100 million for FY24. This target was around 20% higher than FY23, which was appropriate given the significantly increasing revenue base of the previous few years.

We ended up tripling that, to achieve a 63.7% increase. Our efforts and investment to enter the Australian data centre market have resulted in some very valuable contract awards, at a stage where the market is still in its early days. This has meant that we’ve been able to prove our expertise and gain an early mover advantage as a highly credible player in that space.

Notwithstanding that, revenue in our traditional sectors has also grown. We’re now targeting a doubling of revenue, albeit off that significantly higher base, to $260 million for the current year. I can tell you that it’s been a very exciting and rewarding time, and we have built the foundations to establish the business success that we know SKS Technologies can achieve in the future.

Up 16% at the moment
 
Country Lad said:
A belated thank you for the heads up @peter2 It got me interested but for whatever forgotten reason I didn't buy at the time (even though there was an obvious breakout), but did so at when I saw it breakout at 83.
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Adding chart up to present. Need to add that it was not my best trade. Entered too lat, stop too tight as I was not that sure of the business, and then had to buy in again.

sks 21112024.jpg
 
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