VYS 5.26% 30.0¢ vysarn limited

Also quite impressed by their ability to do good acquisition of...

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    Also quite impressed by their ability to do good acquisition of assets and companies.

    1/ Pentium Hydro
    They started this business in 2019 by acquiring 10 drilling rigs from Ausdrill for 16 m $ (they just had the assets, but no contract with customers initially).
    They now have 12 rigs, have regularly increased the profit of this division during the last 3 years and was able to generate 7.3 m$ of profit before tax in FY 23 with this business (and probably more in FY 24).

    2/ Project Engineer
    They bought it for 2.8 m$ in 2022.
    And this business generated 1.6 m $ of profit before tax in FY 23.


 
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