Who is SZG
SZG is the leading mining services provider to the coal and resources sectors in the Hunter Valley, NSW. Listed on ASX April 13.
Its >450 employees provide services to Over 25 coal mines and over 90 clients including BHP, Rio Tinto, Xstrata, Theiss & Westrac.
SZG generates revenue under 3 structures:
– Master Services Agreements: generating 80% revenue with contracts for agreed periods undertaking various activities on predetermined rates & conditions;
- Do and charge contracts: generating 15% revenue;
- Fixed price contracts: generating 5% revenue;
- No of Issued shares 252.9 million;
- Capitalisation $31.6 million as at 27/2/2014;
- Net Debt $14.1;
- Top 20 shareholders own 60.3% of shareholding;
- Citicorp Nominees & HSBC Custody Nominees – institutional investors own 21.5%;
- Share Price Range - $0.25 to $0.095.
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