We reiterate a view that the market is yet to recognise the success of SXE’s strategic diversification. M&A to fill geographic and/or service gaps may still be on the cards, yet the broadening of the business already provides scope for more opportunity and less volatility than before. Current trading multiples and dividend yield are attractive in our view, and we maintain a BUY call on an unchanged $0.80 valuation.
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.