Acquisitions/ organic entry will be nice to further diversify and increase their capability in water and environmental management (i.e. asset management/ infrastructure/ water ownership as well as utilising current capabilities in carbon and irrigated agriculture).
Managed aquifer recharge will make this company though for me.
Euroz Hartleys note.
VYS (Vysarn Ltd, Up 6.9% to 15.5cps, m.cap A$59m, Mining Services): Harry Stevenson
• VYS has upgraded FY’23 guidance to NPBT to $6.8 - $7.0m (previously $6.0m - $6.5m) implies
$5.4m 2H’23 (up from $1.6m 1H’23).
• Pentium Hydro (drilling fleet) forecast to deliver $8m EBITDA for the second half. Implies $16m runrate into FY’24 though look at this with upside bias given commencement of some double shifting in
the fleet from Q’4.
• Further upside to current levels with growth in capital light consulting business, look for further
emphasis on the business model over the coming months.
• Maintain Buy.
Acquisitions/ organic entry will be nice to further diversify...
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Last
47.0¢ |
Change
0.013(2.73%) |
Mkt cap ! $243.1M | |||
| Open | High | Low | Value | Volume |
| 46.0¢ | 47.0¢ | 46.0¢ | $158.7K | 342.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4844 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 651213 | 6 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| VYS (ASX) Chart |