Bargain in plain sight?

If WES went down 20% on ACCC investigation, I would definitely be a buyer because the reality is a 20% fall in WES hardly happens!

Not sure here

Infrastructure Services Provider flying under the radar, till now

Highlights

• NPATA of $202.1 million up 12.5% on FY22

• Strong business performance, with growth across all sectors

• Continued positive safety momentum with TRIFR1 down 11%

• Revenue of $5,676.4 million, up 9.8% on FY22

• EBITDA of $465.2 million, up 10.8% with margin of 8.2%

• Work in hand $18.1 billion

• Operating cash flow conversion of 88.8%2

• Final Dividend of 9.41 cents per share, franked to 80%, with total dividend for FY23 of 17.72 cents per share, an increase of 12.5%

• Guidance for FY24 - NPATA growth of 7-10% on FY23 “Ventia’s Statutory NPATA of $202.1m was up 12.5% on the prior corresponding period (pcp), which underpinned our final dividend of 9.41 cents per share and total dividend of 17.72 cents per share (up 13.6% and 12.5% respectively). This result was largely driven by the outperformance in

Consensus below (expected 7-10% NPATA)