On the back of Stroge's and Bear's fantastic straws for SRG I have done my own digging to find myself impressed at SRG's pivot towards longer term recurring revenue and significant pipleine and oppurtunities for the business.
SRG discussed this pivot in a number of their announcements at the beggining of the year through they HY results as well as their COVID guidence in March (Bear has covered this extremely thoroughly and very informativley).
The recent contract wins in CY20 and more importantly the $100m+ contract wins in FY21 has a 'talk the talk and walk the walk' execution. Coupled with these other key points being:
a) dividend being brought forward to July 30
b) cost base reduction
c) significant pipeline
d) focus on higher margin construction work
e) significant EBITDA growth forecast for FY21 (this will require continued 'walk the walk')
These facets combined has led me to include SRG in my personal portfolio.