27 August, 2021
10 November, 2021
The Insider: Meet the Fund Manager sessions are a great way to hear directly from leading fund managers. They share their approach to investing, favourite companies and their market view for the year ahead.
The Insider: Meet the CEO sessions feature a selection of company leaders who provide a succinct overview of big things their companies are doing.
Australia’s push towards rebuilding its COVID-affected economy received a shot in the arm last year with the government’s $110 billion infrastructure plan – coinciding, perhaps poetically, with civil engineering company Decmil looking to rebuild itself after a couple of turbulent years.
A favourite stock of Australian billionaire investor Alex Waislitz, Decmil Group Limited (ASX: DCG) is a design, engineering, construction and maintenance company established in 1978, with operations across most Australian states and territories.
Speaking to Reach Markets in August, Mr Waislitz said Decmil could be slated for a comeback, citing its recapitalised balance sheet, growth capabilities and strengthened leadership in the form of highly experienced industry stalwart Dickie Dique and other senior executives.
“This company has got the potential to have revenues north of half a billion dollars going forward in 2022 and beyond in 2023, so in a sense a new beginning for this company that’s been around for a while,” the Thorney Investment Group boss said at the time.
Following Mr Waislitz’s recommendation, Mr Dique joined us on The Insider: Meet the CEOs in November to discuss Decmil’s refreshed profile and future plans in the resources, infrastructure, energy and construction sectors.
“Our focus for 2021 was on winning work in these sectors, project delivery and maintaining strong client relationships,” said Mr Dique, adding Decmil had ~$400 million in contracts for FY22 – a figure he expected would continue to grow.
Among these is the $175 million Albany Ring Road project, which Mr Dique flagged as a major undertaking of national significance: “It provides safe and reliable access to the Port of Albany, reducing heavy haulage traffic in residential areas and gives trucks direct access to the port.”
The CEO highlighted Decmil’s solutions and collaboration-oriented values, and its proven track record, as being key in helping the company secure further government contracts, and said the company was up to the challenges that come with operating in regional areas.
“We’re not just trying to be a number out there; we are actually part of the community and that makes it a lot easier.”
Mr Dique’s intentions for the 40-year-old company are clear: “We consider all opportunities and risks to try to ensure that we’re going to be around for the next 40 years and that we’re going to be delivering value for all our stakeholders for the next 40-plus years.”
Click here to view more videos from Alex Waislitz’s Meet the Fund Manager’ session, or click here to view the full ‘The Insider: Meet the CEOs’ session.
The CEOs of all the companies chosen as Fund Manager favourite stocks are invited to present at our Meet the CEO series. Reach does not assume responsibility for the accuracy or completeness of any information provided, and the views expressed are not reflective of Reach Markets position.
Any advice contained within this presentation is general advice and does not consider your personal circumstance, you should consider whether it’s appropriate for you.
The information we are giving you is for educational purposes only. “Investing is about understanding your risk” and every time you invest in the share market there is a risk of loss.
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The CEOs of all the companies chosen as Fund Manager favourite stocks are invited to present at our Meet the CEO series. Reach does not assume responsibility for the accuracy or completeness of any information provided, and the views expressed are not reflective of Reach Markets position.
Any advice contained within this presentation is general advice and does not consider your personal circumstance, you should consider whether it’s appropriate for you.
The information we are giving you is for educational purposes only. “Investing is about understanding your risk” and every time you invest in the share market there is a risk of loss.