'The future will all depend on management halting growth for a while and focusing on contract wins with sufficient margin'
Totally agree. This won't be easy with Governments of all persuasions tightening belts and very competitive tendering.
I would attribute 'the huge growth in revenue' to the merger of Sealink with Transit Systems Group in January 2020. I recall Transit Systems was far bigger than Sealink at the time of merger.
Given this is a highly capital intensive business it beggar's belief that they are only now introducing a capital management and allocation framework to operate within. Management have had it too easy.
KLS Price at posting:
$3.14 Sentiment: Sell Disclosure: Held
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