External broker reports(aggregated public sources), Moelis Australia Ltd

MA Moelis Australia

External broker reports(aggregated public sources)

Moelis Australia Ltd

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Equity Bottom-Up

GenusPlus Group Ltd provides power and telecommunications solutions. The Company offers power solutions, telecommunications infrastructure, and technical services. GenusPlus Group serves customers in Australia.

<ul><li>Strong FY24 result, with good growth across key metrics, broadly in line with upgraded guidance and expectations.</li><li>The company reported FY24 normalised EBITDA of $45.3m (+23% vs pcp) and underlying NPATA of $22.3m (+31% vs pcp).</li><li>Record cash balance of $101m at Jun’24 end; fully franked final dividend of 2.5cps.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Strong FY24 result, with good growth across key metrics, broadly in line with upgraded guidance and expectations.The company reported FY24 normalised EBITDA of $45.3m (+23% vs pcp) and underlying NPATA of $22.3m (+31% vs pcp).Record cash balance of $101m at Jun’24 end; fully franked final dividend of 2.5cps.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

GenusPlus Group Ltd - Growth to Continue in FY25

Silk Logistics Holdings Limited operates as a holding company. The Company, through its subsidiaries, provides port logistics, warehousing, and distribution services for FMCG, retail, light industrial, food, and dairy sectors. Silk Logistics Holdings serves customers in Australia.

<ul><li>Revenue and EBITDA ahead of MAe, though FY24 underlying NPAT of $11.5m was behind MAe due to higher depreciation and interest charges.</li><li>Revenue growth was assisted by ten- month contribution from the Secon acquisition, and accounted for almost all of the top line growth in FY24, while trading conditions particularly impacted Contract Logistics.</li><li>Underlying EBITDA margin of 17.2% was broadly maintained by strong operational focus and execution. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Revenue and EBITDA ahead of MAe, though FY24 underlying NPAT of $11.5m was behind MAe due to higher depreciation and interest charges.Revenue growth was assisted by ten- month contribution from the Secon acquisition, and accounted for almost all of the top line growth in FY24, while trading conditions particularly impacted Contract Logistics.Underlying EBITDA margin of 17.2% was broadly maintained by strong operational focus and execution. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Silk Logistics Holding Ltd - Focus on Organic Growth in FY25

Supply Network Limited provides after sales service for the commercial vehicle (truck, bus and coach) market.  The Company provides these services through its branches in Australia and New Zealand.

<ul><li>Ahead of the FY24 result release for SNL in August, we review key things to look for and the main data release dates over the coming months.</li><li>SNL provided FY24 guidance in late May and historically have released preliminary results and expected dividend in late July.</li><li>Over the last 5 years SNL have delivered results at least in line, if not ahead of their guidance.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Ahead of the FY24 result release for SNL in August, we review key things to look for and the main data release dates over the coming months.SNL provided FY24 guidance in late May and historically have released preliminary results and expected dividend in late July.Over the last 5 years SNL have delivered results at least in line, if not ahead of their guidance.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Supply Network Limited - FY24 Result Preview

<div><div><div><div><ul><li>Challenging environment persists: in a review of recent peer trading updates we note disrupted freight flows and volumes in 2H trading, which have impacted operational efficiency and utilisation (LAU, not covered).</li><li>2H trading has also been impacted by lower horticultural volumes in seasonal products, caused by significant wet weather, though this appears to be limited to North Queensland.</li><li>Peer commentary has also noted no rebound in volumes post Easter trading, which has been affected by soft demand and adverse weather. </li></ul></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Challenging environment persists: in a review of recent peer trading updates we note disrupted freight flows and volumes in 2H trading, which have impacted operational efficiency and utilisation (LAU, not covered).2H trading has also been impacted by lower horticultural volumes in seasonal products, caused by significant wet weather, though this appears to be limited to North Queensland.Peer commentary has also noted no rebound in volumes post Easter trading, which has been affected by soft demand and adverse weather. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Silk Logistics Holding Ltd - FY24 Result Preview

MMA Offshore Limited provides diversified marine services. The Company operates mainly in the Dampier and North West Shelf in Western Australia and also in the Northern Territory. MMA Offshore operates crew vessel charters, vessel manning, management and logistics along with operating supply base facilities.

<div><ul><li>Cyan MMA Holdings Pty Ltd (Cyan) has increased its scheme consideration to $2.70 cash per share, up from $2.60 per share and has designated the offer as best and final.</li><li>A supplementary Scheme Booklet is expected to be released 21 June; scheme voting is for 1 July.</li><li>MMA Offshore Ltd (MRM) recently released a 2H24 trading update, noting earnings visibility and performance across the current half has continued to improve.</li></ul></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Cyan MMA Holdings Pty Ltd (Cyan) has increased its scheme consideration to $2.70 cash per share, up from $2.60 per share and has designated the offer as best and final.A supplementary Scheme Booklet is expected to be released 21 June; scheme voting is for 1 July.MMA Offshore Ltd (MRM) recently released a 2H24 trading update, noting earnings visibility and performance across the current half has continued to improve.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

MMA Offshore Ltd - Increased Scheme Offer of $2.70/Share; Trading Update

MA Moelis Australia
External broker reports(aggregated public sources)
• Moelis Australia Ltd

GenusPlus Group Ltd - Growth to Continue in FY25

The company reported FY24 normalised EBITDA of $45.3m (+23% vs pcp) and underlying NPATA of $22.3m (+31% vs pcp). Record cash balance of $101m at...

MA Moelis Australia

Silk Logistics Holding Ltd - Focus on Organic Growth in FY25

Revenue and EBITDA ahead of MAe, though FY24 underlying NPAT of $11.5m was behind MAe due to higher depreciation and interest charges.

MA Moelis Australia

Supply Network Limited - FY24 Result Preview

Ahead of the FY24 result release for SNL in August, we review key things to look for and the main data release dates over the coming months.

MA Moelis Australia

Silk Logistics Holding Ltd - FY24 Result Preview

In a review of recent peer trading updates we note disrupted freight flows and volumes in 2H trading, which have impacted operational efficiency...

MA Moelis Australia

GenusPlus Group Ltd - Growth to Continue in FY25

The company reported FY24 normalised EBITDA of $45.3m (+23% vs pcp) and underlying NPATA of $22.3m (+31% vs pcp). Record cash balance of $101m at...

MA Moelis Australia

Silk Logistics Holding Ltd - Focus on Organic Growth in FY25

Revenue and EBITDA ahead of MAe, though FY24 underlying NPAT of $11.5m was behind MAe due to higher depreciation and interest charges.

MA Moelis Australia

Supply Network Limited - FY24 Result Preview

Ahead of the FY24 result release for SNL in August, we review key things to look for and the main data release dates over the coming months.

MA Moelis Australia

Silk Logistics Holding Ltd - FY24 Result Preview

In a review of recent peer trading updates we note disrupted freight flows and volumes in 2H trading, which have impacted operational efficiency...

MA Moelis Australia

MMA Offshore Ltd - Increased Scheme Offer of $2.70/Share; Trading Update

Cyan MMA Holdings Pty Ltd (Cyan) has increased its scheme consideration to $2.70 cash per share, up from $2.60 per share and has designated the...

MA Moelis Australia