SRG - SRG Global

Rabbithop said:

No free time to do all my current activities, that's one of the reason I do a quick reply 1 or few lines to move on.
As one aged, it takes a longer time to complete a task.

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well one acquaintance cheerfully claimed if there is no birthday cake it doesn't count

by that calculation i am still somewhere in the 18 to 20 range , but nearly everyone disagrees on that

SRG Global Secures Contracts with Existing Clients Across Australia Valued at $225m


Highlights:
• SRG Global has secured $225m of contracts across Australia
• Contracts secured in the Health, Building and Resources sectors
• Specialist facades contracts with repeat clients across NSW, VIC and WA
• Tailings dams facilities works with repeat client in WA
• Over $500m of new contracts secured in Q4 of the FY24 financial year

SRG Global Ltd (‘SRG Global’ or ‘the Company’) (ASX: SRG) is pleased to announce it has been awarded multiple contracts with existing clients in the Health, Building and Resources sectors across Australia.
The value of the new works secured is $225m, which includes:
• Specialist facade systems design, supply and installation contract with Built at the Chifley South development in Sydney, New South Wales.
The contract will start immediately and is expected to be completed in 2026;
• Engineered curtain wall facade and structures contract with PACT Constructions for the Hancock Prospecting corporate headquarters redevelopment in Perth, Western Australia(WA).
The contract will start immediately and is expected to be completed in 2025;
• Design, supply, and installation of the curtain wall facade with Lendlease at the Melbourne Metro Oversite Development South in Melbourne, Victoria.
The contract will start immediately and is expected to be completed in 2026;
• Ongoing mine site infrastructure sustainment works including tailings dams facilities and other ancillary services for Talison Lithium at the Greenbushes mine site in WA.
The contract has commenced and is expected to be completed in 2025; and
• Structures contract with Multiplex at the Joondalup Health Campus Development in Perth,WA.
The contract will start immediately and is expected to be completed in 2025.
David Macgeorge, SRG Global Managing Director commented:“We are pleased to have secured these significant contracts for landmark projects and ongoing sustainment works through our established relationships with Tier 1 clients.
With ~$500 million in new contracts secured in the last quarter, many of them long-term, SRG Global is in a period of significant momentum.
Our ability to secure key contracts across a diversity of sectors and geographies is evidence of our strategic transformation to a truly diversified industrial services company.”

– ENDS –

i hold SRG ( a recent buy ) and is my monthly tip ( curse )

looks like that top up opportunity will not be today ( i have an order currently in the market )

oh well maybe later

FY24 Update - Guidance & Cash Conversion & FY25

Outlook of Continued Strong Growth SRG Global Ltd (‘SRG Global’ or ‘the Company’) (ASX: SRG) provides the following FY24 market update and the outlook for FY25.

Highlights•
FY24 EBITDA expected to be at the upper end of guidance at $98m - $99m
• Excellent FY24 operating cashflow with EBITDA to Cash Conversion of > 115%
• Net Cash position of $17.8m in FY24 from Net Debt position of $17.0m in FY23
• Continued strong margin performance underpinned by excellent operational execution
• Record Work in Hand of $2b with an Opportunity Pipeline of $6.5b
• Strategic transformation to a circa 70% annuity / recurring earnings profile is delivering results
• FY25 EBITDA expected to be circa 10% higher than FY24 EBITDA result

David Macgeorge, Managing Director said, “SRG Global continues to take significant steps forward in the execution of our strategy.
We expect our FY24 EBITDA to be at the upper end of previous guidance, underpinned by new contract wins, excellent operating cashflows, continued strong margins and operational delivery for our blue-chip client base.“

Our FY24 financial and cash performance is clear evidence of the strength and diversity of our business which has provided both protection and opportunity in the diverse sectors and geographies in which we operate.

“The Company has Record Work in Hand of $2b and is well positioned for long term sustainable growth with circa 70% annuity-style earnings and positive exposure to broader macro-economic growth drivers in a diverse range of sectors.“

The Company is well funded to continue to drive further growth and we expect FY25 EBITDA to be circa 10% higher than FY24 EBITDA.”

SRG Global will report its full year audited results on 20 August 2024.

i hold SRG ( a recent buy ) and is my monthly tip ( curse )

looks like that top up opportunity will not be today ( i have an order currently in the market )

oh well maybe later


– ends –

SRG Global delivers record financial result & dividends;and announces transformational acquisition of Diona

SRG Global Ltd (“SRG Global” or the “Company”) (ASX: SRG) has delivered its financial results for the year ended 30 June 2024 (‘FY24’) and announces transformational acquisition of Diona Pty Ltd.
• FY24 Revenue of $1,069.3m, up 32% from FY23
• Underlying FY24 EBITDA1 of $98.5m, up 23% and EBIT(A)1 of $65.6m, up 31% from FY23
• Excellent cash generation in FY24 with EBITDA to cash conversion of 117%
• Transitioned to net cash of $17.8m from net debt of $17.0m in FY23
• 2H fully franked dividend of 2.5cps up 25%, total FY24 dividend of 4.5cps up 13% on FY23
• Transformational acquisition of Diona for $111m; EPS accretion of circa 10%
• Record Work in Hand of $3.0b (incl $1b from Diona) and Opportunity Pipeline of $8.5b
• FY25 EBITDA2 guidance increased to circa $125m

part of a much larger release

i hold SRG

( am having browser issues today .. so haven't read about the acquisition , yet )

Commenting on the FY24 results and acquisition, David Macgeorge, Managing Director said:“SRG Global continues to make significant progress in the execution of our strategy.
Our record FY24 result is underpinned by strong business fundamentals, excellent cash generation and solid operational delivery for our blue-chip client base.
The transition to a truly diversified infrastructure services company is continuing to deliver results.
Our FY24 financial performance is clear evidence of the strength and diversity of our business and is testament to the hard work of all our people at SRG Global.
“I am pleased to announce the transformational acquisition of Diona who is a market leader in the water security and energy transition sectors.
Diona is a leading end-to-end delivery partner with unparalleled self-perform capability through long-term program and asset management agreements with utility / government agencies.
Diona is complementary to SRG Global’s service offering in highly attractive growth markets and geographic locations; and will further enhance our strong track record of cross-selling our end-to-end services.
Diona is a financially attractive acquisition with a pro forma FY24 EPS accretion of circa 10% and brings a capital light investment profile; and more than $1 billion Work in Hand with a strong Opportunity Pipeline.
“Diona comes with a high-quality management team and workforce with a proven track record of delivering for clients through long-term, collaborative program and asset management agreements.
The acquisition further embeds SRG Global’s transformation to a business with a profile of 80%annuity / recurring earnings, in line with SRG Global’s long-term strategy.
“SRG Global now has Work in Hand of $3 billion and is well positioned for long term sustainable growth with end-to-end asset life cycle capability in water, defence, resources, transport and energy transition sectors across Australia and New Zealand.
“The strong FY24 result means SRG Global will pay shareholders a 2H fully franked dividend of 2.5cper share which is up 25% from 2H last year which takes our full year dividend to 4.5c per share.
This continues our track record of funding the growth phase of our strategy whilst delivering increased dividends to our shareholders
.“The Company has increased the FY25 EBITDA guidance to circa $125m which includes 10 months contribution from Diona and continues the step-change growth journey of SRG Global.”

Business Overview

In FY24, SRG Global recorded revenue of $1,069.3m and EBITDA of $98.5m with continued strong margin performance and operational delivery. In the same period the Company significantly improved its cash position to be net cash of $17.8m from net debt of $17m last year, underpinned by excellent EBITDA to cash conversion of 117%, continuing our strong track record of cash generation.
The Company has undergone a significant strategic transformation over the past few years and to better align reporting to the current profile of the business, SRG Global will now report in two operating segments of “Maintenance & Industrial Services” and “Engineering & Construction”.

another piece of the same release

am slightly up on this ( about 4% ) will consider if to top up slightly below break-even , wait , just stick it in the 'bottom drawer '

*****LOGIC BEHIND CHOICE OF FULL CALENDAR YEAR 2025 STOCK TIPPING COMPETITION***** @mullokintyre

SRG Global Limited (SRG) is an industrial services company (engineering and construction) that has performed quite well throughout the 2024 calendar year, also relative to the Australian Industrial Index (XNJ), only slipping below the 30 week moving average once at the beginning of the calendar year. Considering the relative strength of the industrial sector compared to it's peers of the construction sectors (energy and materials) and the relative weighting of these three sectors to the remainder of the Australian market, it is expected that there will be continued demand for companies such as SRG, which should maintain a decent share price. These factors, along with the charts suggesting continuing bullish sentiment, maintain logic for choice within the stock tipping competition.

IvoryWolf said:

*****LOGIC BEHIND CHOICE OF FULL CALENDAR YEAR 2025 STOCK TIPPING COMPETITION***** @mullokintyre

SRG Global Limited (SRG) is an industrial services company (engineering and construction) that has performed quite well throughout the 2024 calendar year, also relative to the Australian Industrial Index (XNJ), only slipping below the 30 week moving average once at the beginning of the calendar year. Considering the relative strength of the industrial sector compared to it's peers of the construction sectors (energy and materials) and the relative weighting of these three sectors to the remainder of the Australian market, it is expected that there will be continued demand for companies such as SRG, which should maintain a decent share price. These factors, along with the charts suggesting continuing bullish sentiment, maintain logic for choice within the stock tipping competition.

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i bought in here in June this year @ 82 cents

will probably regret not buying in earlier/cheaper , but i already hold several players in this sector

i see turbulent times in the economy maybe this one will resist the worst of it ( or at least offer me a second chance at good value )

***** MONTHLY UPDATE FOR FULL CALENDAR YEAR 2025 STOCK TIPPING COMPETITION - @mullokintyre *****

January 2025 - Following on from the initial logic of choice for SRG Global (SRG) at the end of last month, the shareprice continues an upward trajectory after testing the upper range of the gap-up that occurred on the 19th November, forming supports along the way and tracking the 10 and 30 day MA's.