Smartgroup renews major defence contract
Smartgroup (ASX: SIQ) salary packaging and novated lease firm announced on Wednesday it had renewed its contract with the Department of Defence, with shares rallying 18% in response. We believe the contract represents approximately 23% of the company’s revenue and more in earnings. The new contract covers a six-year period and will provide a real platform for future growth. This positive announcement accompanies the recent earnings upgrade and is a significant catalyst for our team to continue to hold SIQ shares in the investment portfolio.
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Wilson Asset Management has a track record of making a difference for shareholders and the community for 27 years and is the investment manager for nine LICs and two unlisted funds. Wilson Asset Management invests over $6 billion on behalf of more than 130,000 retail investors. Wilson Asset Management created and is the lead supporter of the Future Generation companies, the first LICs to deliver both investment and social returns.
Wilson Asset Management
Wilson Asset Management has a track record of making a difference for shareholders and the community for 27 years and is the investment manager for nine LICs and two unlisted funds. Wilson Asset Management invests over $6 billion on behalf of more...
Wilson Asset Management
Wilson Asset Management has a track record of making a difference for shareholders and the community for 27 years and is the investment manager for nine LICs and two unlisted funds. Wilson Asset Management invests over $6 billion on behalf of more...
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