Heading into 2019 and the interim reporting season, we have reviewed our forecasts and valuation for SRG Global. We recently updated forecasts post the AGM and guidance in November, and make no changes to our FY19 numbers. We have pared back FY20 growth slightly due to uncertainty over contract timing, but note the broader opportunity pipeline post the SRG-GCS merger suggests upside. Adjustments sees our valuation fall to $0.70 (prior $0.75);
still ahead of the current share price post its recent drop. We like the long-term potential, although acknowledge near term focus will be on integration and contract timing risks.
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