Personally I'm willing to give SRG a honeymoon period, with 1 eye to the future. A lot of infrastructure developments in the works over the next handful of years - they should get their fair share. They had (still have I expect?) an awful lot of stuff to integrate - not only the main SRG/GCS merger - but the TBS/Gallery mergers that occurred not that long beforehand. The internal inefficiencies will take time to smooth out - let's see if Management are up to the task! Will be looking for them to deliver on their statement "step change profit growth in FY20". That should be enough time for them to get their house in order.
I don't like all the intangibles on the balance sheet though - too high for a Construction/Services Co. IMO. I suspect they'll have to write-off a chunk at some point?
Personally I'm willing to give SRG a honeymoon period, with 1...
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Last
89.0¢ |
Change
0.010(1.14%) |
Mkt cap ! $463.9M | |||
| Open | High | Low | Value | Volume |
| 89.0¢ | 89.5¢ | 88.0¢ | $741.0K | 831.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22498 | 89.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 89.5¢ | 16877 | 2 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| SRG (ASX) Chart |