Ausgroup

Ausgroup: DBSV feature Ausgroup in this month's small mid caps radar. Ausgroups’ share price has gone from strength to strength, rising some 31% since Feb. Its latest corporate developments, in particular the proposed partnership with Ezion, is notable as it offers potential for Ausgroup to embark on an entirely new growth chapter. At a valuation of 17x FY15 PE, it appears the market has already priced in a potential turnaround in its existing business, and also some potential upside from opportunities surrounding Port Melville. At this juncture, details on the strategy for Port Melville’s expansion are still lacking. But, house believe the eventual unfolding of the Ezion-Ausgroup’s grand plan could be a strong catalyst for the latter.