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SRG Global (SRG) – Building Recurring Revenue

    Home Latest Research SRG Global (SRG) – Building Recurring Revenue
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    SRG Global (SRG) – Building Recurring Revenue

    By Wendy McEvoy | Latest Research | 0 comment | 26 August, 2020 | 0

    SRG’s full year results were consistent with the update in early July, but the key change since then has been an impressive ~$200m work won, adding to the Company’s $707m order book at 30 June.  Strategy execution and business restructuring was accelerated during the COVID-impacted 2H, and SRG’s emphasis on growing recurring revenue streams through Asset and Mining Services are being realised with increasing exposure to these segments.  With a strong liquidity position to support longer term growth, we maintain our BUY call and $0.42 valuation.

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