Business ValuationWith shares not fully valuing even the existing business, a strong upside skew is observed.
Revenue GrowthImproved pricing power is supporting structurally higher revenue growth and incrementally positive comments on cost efficiencies to further boost the organic returns outlook.
Strategic DealsFollowing deals on Sizewell C and Grain LNG, there is evidence of management successfully delivering its capex plan, leading to value accretion and earnings upgrades.