SKILLED (ASX: SKE) is the largest provider of workforce solutions in Australia with its 3 main divisions, Workforce Services, Technical Professionals and...

Leyland Private Asset Management

Trusted and Confidential Asset Management Advisors

SKILLED (ASX: SKE) is the largest provider of workforce solutions in Australia with its 3 main divisions, Workforce Services, Technical Professionals and Engineering & Marine Services. Cyclical declines in earnings were suffered by both Workforce Services and Technical Professionals, however these sectors are well placed to benefit strongly as our economy improves. Engineering & Marine Services was the star of the show with EBITDA rising 41% in FY 2013/14. Management believe that this earnings momentum will continue into the New Financial Year; underpinning next year's earnings. The company is in a strong position with its current business exposure to geographical scale, a strong balance sheet and the company cost reduction program (expecting to save $10m). Combined with a Fully Franked yield of 6.01% the company has significant upside potential over the medium to long term. Our monthly newsletter is available here: (VIEW LINK)


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Leyland Private Asset Management
Trusted and Confidential Asset Management Advisors

Founded in 2003, Leyland Private Asset Management is an independently owned firm specialising in Australian Stock Market and Fixed Interest Investments for individuals, companies, self-managed super funds, institutions and family offices.

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