Buyers on the march after a series of positive news releases

New Buy Entry Alert SRG

Time Frame : Daily/Weekly

Sector : Capital Goods/Industrials

Key Stats : $182.77 Million Market Cap, VWAP 0.425, ASX Ranking 572, 4 Week Av Turnover $166,127, Current Turnover (Intraday as at time of alert) $155,430, PE 7.9, Div Yield 8.43%.

Company Overview : SRG Global Limited (SRG, formerly Global Construction Services Limited) is an engineering-led specialist construction, maintenance and mining services group operating across the entire asset lifecycle. SRG operates three divisions namely, Resource, Industrial and Oil & Gas; Commercial; and Residential.

Broker Consensus : BUY

SRG – SRG Global Limited

SRG is on the march higher after a spate of positive news on new contracts for the company. We are happy to buy on a push up through 0.44 and will hold a stop loss at 0.385. If price pushes down through 0.385 prior to entry, then happy to cancel the alert and re-assess the action.

Stock Code : SRG – SRG Global Limited

Company Website : www.srgglobal.com.au

Current Price : 0.43

New Potential Buy Entry (Trigger Level) : 0.44

Potential Sell Exit Zone (Stop Loss) : 0.385

Status : On watch for buy entry trigger