Sectors: Mining Services
Interested in your opinion
Vysarn has been a strong small-cap performer over the past 18 months, supported by solid operational execution, organic growth and a series of earnings-accretive acquisitions that have broadened the business beyond its original drilling operations. The latest proposed acquisition of NWG Enterprises/NewGround was intended to continue that diversification, but the transaction has now been mutually terminated after the parties were unable to agree on an extension to the completion date.
Hi James and Shawn,
Hi Market Matters Team
Can I have your current view on SIQ -Smart Group and EHL – Emeco. Both have reported.
While EHL has improved by 10% SIQ has fallen around 20%.
SIQ hit a high 0f $13.65 earlier this month. I should have taken part profit as you advised in June. Where do you see SIQ & EHL
in the next few months?
regards
Debbie
MND –11.96%: capped off an excellent two-year growth period with FY26 revenue and earnings broadly in line with expectations, but the shares fell sharply as management confirmed FY27 will be about consolidation rather than another leg higher. After revenue increased around 50% over the past two years, expectations had caught up with the story, and the prospect of broadly flat earnings in FY27 was enough to take some heat out of the stock.
SRG +9.39%: Posted a strong FY26 result, with earnings and revenue ahead of expectations and management upgrading FY27 EBITDA guidance. The combination of double-digit earnings growth, a large work-in-hand position and an increasingly recurring earnings base continues to improve the quality and visibility of SRG’s growth profile.
Chrysos delivered an FY26 result that was broadly in line with expectations, but importantly, it avoided the deterioration in machine uptake that the market had become increasingly nervous about. Management was upbeat on the conference call, and the stock continued to trade well through the session, finishing ~17% higher, albeit off a low base.
Unlike the previous four stocks, NWH’s upside skew is more constrained. The earnings surprise history is mixed; the most recent reported period showed a -61.8% EPS surprise (February 2026, period ending December 2025), almost entirely driven by the OneSteel impairment distorting statutory EPS. On an underlying basis, the H1 beat was +13%, but some quant models that use reported EPS will flag this as a miss. The primary risk heading into August is margin delivery; revenue is growing strongly, but earnings (EBITDA) revisions (+22.6%) are lagging revenue revisions (+32.9%), implying analysts are embedding margin compression. If NWH cannot demonstrate operating leverage on its expanded contract book, the upgrade cycle is likely to stall.
Hi guys, would love to know your current view on a few positions in the growth portfolio – how you feel about how the buying thesis is playing out, your current levels of ‘comfort’ in these positions, I note they are all marked active, so would MM be buyers at these levels if you weren’t in them already. Has anything changed? More conviction about some of theses? The positions are: WOR, WHC, SFR and MGR. Thanks so much for your analysis.
Hi Market Matters Team
SmartGroup has risen around 40% in 2 months to a high of $12.35 today. I have held SIQ from around $7 – would you continue to hold SIQ or take profit? Do you see further upside/ and or would you continue to hold for the yield?
PRN- Perenti reached a high of $3.12 in January and has come off to around $2.10. What’s your current view on PRN – Do u see it returning to around the $3?
regards
Debbie
