Thanks for clarifying. What alerted me was this commentary from their March update:
‘TfNSW has advised that if the parties are not able to reach agreement on a new short-term contract by mid-2025, TfNSW will proceed with a competitive tender process for Region 6, as previously planned’
This development introduces a layer of uncertainty. On one hand, Kelsian’s strong operational track record—highlighted by consistent high performance in on-time running and service delivery—positions it well to secure a short-term extension A. On the other, the looming possibility of a competitive tender could expose the company to margin pressure or even loss of the contract, which currently generates around $219 million in annual revenue and supports over 1,350 employees across four depots.
KLS Price at posting:
$3.24 Sentiment: None Disclosure: Not Held
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