SKS had a welcome boost today after securing another $100M data centre contract, this time in western Melbourne. The award sent orders on hand to a record $220M. With the build expected to complete in September 2026, it sets the company up for a healthy FY26, after reiterating guidance for FY25. The project is for fitout of building C and follows SKS's successful completion of buildings A and B on the same site.

Up until today it had been a quiet few months for SKS and the SP had drifted, as it is prone to do. Today's announcement has put some attention back on them and we'll see how it lasts, although it does seem to be a stock that overextends at both the bullish and bearish ends of the barbell so here's hoping it goes on to test new highs.

Interestingly the order book is now exactly twice what it was 12 months ago when it was about to start a tear from circa 70 cents to a 12-month high of $2.45. Apart from the order book, the number of open tenders is also at a new high and the value of those tenders is similarly elevated (although not a record after the awarding of todays $100M contract).

[Held]

Anyone want to guess the time in SKS's results call that the CEO mooted a capital raise because "various organisations are encouraging us to do so"?

[Held]