Risk: High

sha

SHA: Construction Services Transformer - Three Pillars, Wrong Timing

Updated 8 Oct 2025

SHAPE trades at $4.28 vs fair value $3.30. Strong operations (86% Perfect Delivery, 78.6% ROIC) but execution complexity and cycle timing create unfavourable risk-reward.

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sgm

SGM: Metal Recycling Giant - Caught Between China's Hammer and EAF's Anvil

Updated 8 Oct 2025

HOLD rating with $16.19 fair value vs $15.05 current price. Strong operational execution offset by Chinese export dependency and commodity cycle risks.

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sfr

SFR: Copper Mining Excellence - Peak Performance, Peak Pricing Problem

Updated 8 Oct 2025

Mid-tier polymetallic miner with 45% EBITDA margins trading at $15.43 vs $3.82 fair value. Strong operations, challenging valuation at commodity cycle peak.

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seq

SEQ: Financial Advice Consolidator - Betting on the Adviser Shortage

Updated 8 Oct 2025

SPECULATIVE BUY rating with $0.91 fair value vs $0.29 current price. 214% upside potential offset by scale disadvantages and execution risks in competitive market.

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sdv

SDV: Chemical Specialist - PFAS Pioneer or Poisoned Chalice?

Updated 8 Oct 2025

Specialty chemical supplier transforming to PFAS technology leader. Fair value $0.72 vs current $0.30. High growth potential offset by customer concentration and execution risks.

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sdr

SDR: Platform Pioneer - Smart Money's Getting Smarter

Updated 8 Oct 2025

SiteMinder trades at $7.50 versus $3.68 fair value (51% overvaluation). Strong platform business with 7.4/10 quality score but execution risk limits appeal at current levels.

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sbm

SBM: PNG Gold Miner - Betting the Farm on Simberi's Sulphide Salvation

Updated 8 Oct 2025

Risk-adjusted fair value A$0.28 vs current A$0.35. Binary expansion project dependency with 30% failure probability creating -66% downside risk.

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rwc

RWC: Plumbing Products Pioneer - Patents Expiring, Pressure Mounting

Updated 8 Oct 2025

HOLD rating with $3.15 fair value vs $4.55 current price. Quality franchise facing patent expiry 2028-2030 and tariff headwinds. Strong cash generation but structural challenges ahead.

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rsg

RSG: West African Gold Miner - Fool's Gold at Peak Prices

Updated 8 Oct 2025

Resolute Mining analysis reveals 42% overvaluation at $0.72 vs $0.28 fair value, with execution risks and unsustainable gold margins creating asymmetric downside.

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rrl

RRL: Gold Miner - Peak Cycle Peril, Underground Gamble

Updated 8 Oct 2025

Mid-tier gold producer trading at $4.51 vs $2.79 fair value amid peak cycle conditions and complex underground transition. 47% EBITDA margins unsustainable, 35% execution risk.

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roc

ROC: Computer Vision Pioneer - Platform Giants Circle for the Kill

Updated 8 Oct 2025

Trading at $0.105 vs fair value $0.048. Faces AWS/Microsoft competition within 18-24 months. 46% customer concentration, 8.8-month cash runway.

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rms

RMS: Gold Mining Giant - Peak Performance, Perilous Pricing

Updated 8 Oct 2025

Trading at A$2.81 vs fair value A$1.64, exceptional 68% EBITDA margins face inevitable compression as gold normalises from peak levels.

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