SELL - Take Profit 8/12/2023
Ventia Services (VNT)
*** GENERAL ADVICE ONLY ***
Description
Industry: Industrials
Ventia Services Group Limited (VNT) is a infrastructure services provider in Australia and New Zealand. It is providing the services that keeps infrastructure working for the communities. Ventia has access to a combined workforce of more than 35,000 people, operating in over 400 sites across Australia and New Zealand. Ventia operates across a broad range of industry segments, including defence, social infrastructure, water, electricity and gas, resources, telecommunications and transport.
Metrics
Market Cap: $2.5B
PE: 15
Yield: 5.51%
Trade
Allocation: 2.5% Entry: $2.80 (17th August)
Target: reduced to 3.01 from 3.15
+11.4% including dividend and franking
Catalyst
VNT – SELL (take profit) 2.5%
We recently switched hlaf of our holding from Ventia Services Group Limited (VNT) to IPD Group Ltd (IPG). which has proven to be the right move with IPG outperforming by nearly 10%
Since we entered VNT in August, Ventia has been a robust and defensive component of our portfolio. However, a recent third failure near the record highs of 3.15 despite the positive announcement of a Telstra contract being awarded, convinces us that taking 10% profits is the prudent move and revisit the holding into earnings season next March
Disclaimer: The recommendation given is general advice only. It does not take into account your personal objectives, financial situation, or specific needs. This information should not be your sole resource when making such decisions. We strongly recommend you to seek the advice of financial, taxation, and legal professionals before finalising any investment decisions.