SKS - SKS Technologies Group

[System]

Stokes Limited (SKS) is an Australia-based company engaged in merchandising and distribution of appliance spare parts, badges, medallions, electrical switches and controls and the manufacture of electric elements and metal components for industrial and household products. The company operates in 2 segments; manufacturing and merchandising/distribution which consist of two business division: Stokes Synertec and Stokes Appliance Parts.

http://www.stokes-aus.com.au

Stokes Limited was formerly known as Stokes (Australasia) Limited.

 

[System]

On July 30th, 2018, Stokes Limited (SKS) changed its name and ASX code to Enevis Limited (ENE).

 

[System]

On December 9th, 2020, Enevis Limited (ENE) changed its name and ASX code to SKS Technologies Group Limited (SKS).

 

[Dona Ferentes]

On December 9th, 2020, Enevis Limited (ENE) changed its name and ASX code to SKS Technologies Group Limited (SKS).

seems to be the same old crowd. from the website: https://www.sks.com.au/

SKS Technologies (a subsidiary division of Enevis Ltd) is a leading provider of audiovisual products & solutions and electrical and communications cabling for the commercial, retail, health, defence and education market. With the vision and experience to pioneer audiovisual installation solutions, SKS Technologies have created a ‘one company, one complete solution’ approach for our customers.

With over 40 years of experience in the electrical, audiovisual and communications industry, SKS Technologies support customer’s complex and ultra specialised projects with friendly and experienced staff including project managers, engineers and industry certified technicians ensuring our installation are of the highest quality.

 

[peter2]

An interesting business that seems to be going very well.

Price chart shows a very strong trend. It's thinly traded so not suitable for short term traders.

 

[peter2]

Now looking even better. Still thinly traded. Have to hold on for longer.

Today's price jump due to news of a large contract. There's huge capital going into data-centres.

 

[finicky]

This video was posted on the SXE thread but he mentions some other picks and shovels companies riding the electrification wave from 4.40, including SKS. Whole clip's worth a listen though.

Not Held

Three stocks with further AI upside to come... on ausbiz

<p><strong>Key points: </strong></p><ul><li><p>The explosion in AI demand is fueling growth in data centres</p></li><li><p>Southern Cross Electrical Engineering, among others, leads in the electrical contracting sector driving this growth</p></li><li><p>Extensive unlisted competition exists, but...

ausbiz.com.au

 

[finicky]

SKS up another 18%

It's like the ASX is starved of choice relating to the electrification or AI themes? Looks massively overvalued at 26 x Book value b4 today's rise. Check out GNP chart too.

Not Held

 

[Country Lad]

An interesting business that seems to be going very well.
Price chart shows a very strong trend. It's thinly traded so not suitable for short term traders.

A belated thank you for the heads up @peter2 It got me interested but for whatever forgotten reason I didn't buy at the time (even though there was an obvious breakout), but did so at when I saw it breakout at 83.

From the address at the AGM today: (My emphasis)

When I stood here before you a year ago, I knew that the future for SKS Technologies was very promising. Based on our revenue performance to that date, we believed that we could achieve revenue of approximately $100 million for FY24. This target was around 20% higher than FY23, which was appropriate given the significantly increasing revenue base of the previous few years.

We ended up tripling that, to achieve a 63.7% increase. Our efforts and investment to enter the Australian data centre market have resulted in some very valuable contract awards, at a stage where the market is still in its early days. This has meant that we’ve been able to prove our expertise and gain an early mover advantage as a highly credible player in that space.

Notwithstanding that, revenue in our traditional sectors has also grown. We’re now targeting a doubling of revenue, albeit off that significantly higher base, to $260 million for the current year. I can tell you that it’s been a very exciting and rewarding time, and we have built the foundations to establish the business success that we know SKS Technologies can achieve in the future.

Up 16% at the moment

 

[Country Lad]

A belated thank you for the heads up @peter2 It got me interested but for whatever forgotten reason I didn't buy at the time (even though there was an obvious breakout), but did so at when I saw it breakout at 83.

Adding chart up to present. Need to add that it was not my best trade. Entered too lat, stop too tight as I was not that sure of the business, and then had to buy in again.

 

[Dona Ferentes]

$2.00

SKS Technologies Group advises that
Executive Chairman Peter Jinks and Executive Director Greg Jinks have each sold 3,000,000 shares in an on-market crossing. This share sale constitutes a minor portion of the total shares held by the Jinks family and is their first share sale since purchasing shares in the Company in 2012.

The primary objective of the share sale is to increase the availability of the Company's stock in the market, which in turn is intended to improve trading activity and liquidity. By doing so, the Company aims to attract a broader base of investors and maintain a steady growth in investor interest and confidence. The Jinks family continue with their significant holding, and the directors have committed to a moratorium on any further share sales until after the release of the audited full-year FY25 accounts.

Company update
The Company is consistently generating robust cash flows, evidenced by a cash balance of $17.32 million as at the end of November. This marks a significant increase of $13.95 million from the June 2024 cash balance of $3.37 million disclosed in the Annual Report. Furthermore, all current creditor payments are within terms, underscoring the Company's strong financial health and continuous improvement in its working capital position.

As affirmed at the 2024 Annual General Meeting, the Company remains confident in achieving its current market guidance for FY25 of $260 million in revenue and a net profit before tax of 6.5%, representing $17 million.

The directors remain committed to delivering value to shareholders through continued profitable growth.

 

[Dona Ferentes]

.
Outlook and forecast
The outlook for the business remains promising with increasing demand in open tenders, which has risen by $216 million from $354 million in August 2024 to $570 million, as well as a strong and established presence in all markets in which the business operates.

Based on this enduring market strength and the level of repeat business that the company has built across all sectors, the SKS Technologies Board considers it reasonable to forecast full-year revenue for FY25 of $260 million on a before-tax margin in the vicinity of 7%.
.
looking to open higher

 

[Dona Ferentes]

$1.870 --- up 20%

money in data centres

Has received written confirmation of the award of a data centre project for approximately $100 million with major construction company, Erilyan Group. The project, located in Melbourne’s western suburbs, is for a third facility, Building C, for an international hyperscale data centre operator.

Building C follows the successful completion by SKS Technologies of contracted works for Buildings A and B. Formal contracts are anticipated to be executed in the coming weeks with an expected project completion date of September 2026.

 

[Dona Ferentes]

$2.22

Profit Guidance Exceeded

SKS expects to achieve an unaudited profit before tax of $20.8 million for FY25, which represents a 15.6% increase on the $18 million guidance provided to the market in May 2025. The FY25 result is an increase of more than threefold on the $6.5 million achieved in FY24.

Sales Revenue of $259.5 million is in line with the $260 million forecast that was provided at the FY24 Annual General Meeting. This result represents a 90% increase compared with sales revenue of $136.3 million the previous year. Accordingly, the profit before tax margin has increased from the most recent 7.2% guidance level to 8.0%.

Furthermore, cash on hand for the end of the year reached $32.5 million, which is almost a tenfold increase from $3.4 million at the beginning of the year.