At an estimated Ebitda of $ 40m for Fy21, with MC of $135m SRG is at 3.5 x multiply ( Ebitda/ MC) a screaming bargain.
NTA is at 114m, around 25.6 CPS.
Management with 12% skin in the company and recently Chairman & M.D. buying half a million shares each at around 32c
Two third of contracted work is annuity-based, reducing risk.
diversified in the scope of work and location, constantly winning new work with Few billions of $ in pipeline opportunities.
the catalyst for SP rise maybe the reassurance of guidance, winning of new contracts and the rise in Dividend payment As investors are hungry for yield.
Totally agree with other holders on SP valuation north of 50 Cps.
I am constantly adding to my position when SP is slipping below the 30c mark.
SRG Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
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