Very interesting read this year: FY24 saw particularly strong results from our Energy Services division, and I expect strong tailwinds for this business over the next few years as a result of the incoming administration in the US. The Mining and Construction division also had a solid year. The Water Technologies division has been investing for growth over the last two years, and we are seeing the early results of that, with revenue doubling over the last year. Shareholders have asked whether we will need to raise capital to fund ongoing working capital for the business. With the positive cash flows and the working capital facility, I do not believe this will be the case. That said given the financial strength and positive momentum of the business there is now the potential to consider acquisitions in the future provided they make sense from a strategic and financial perspective.
SDV Price at posting:
49.5¢ Sentiment: Hold Disclosure: Held
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