Contracted FY23 work worth $1.45B and delivery against guidance over a number of years gives us confidence in our FY23 forecasts. Current trading multiples look attractive on these numbers. Margin recovery is work in progress, but we expect to see some traction in FY23. Capital management remains front of mind. We maintain a BUY call.
To access the full report please log in under the Client Area at the bottom of this page.
Argonaut’s Client Area allows you to view delayed share prices, access Argonaut’s wealth of Research as well as create custom portfolios and set up company watch lists.
If you would like to access our research please contact us to create an account.
