On the other hand:
- The mining business has had an underlying profit going back to 2000 and a pretty stable PBT margin around 5-7%.
- They have a 2,8 billion backlog, enough for 4 years at 700 million in revenue/year. They don't need to win any new work to justify the current share price
- This company will be spitting out cash lika crazy. They are generating 130+ million in cash a year, even at 700 million in revenue. That is as much as the current market cap.
- The large competitors (contractors working for the bigger miners, unlike MACA or Brierty Ltd) didn't win any new Mining contracts too, because all big mining projects have been put on halt. Look at how the fast backlog is going down at Thiess. The only thing they are getting is extensions.
- New management which appears to have very credible backgrounds. Look at Jim Walker, the man is a legend in the mining space.
So, some reasons to be optimistic too
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- the end is nigh
On the other hand:- The mining business has had an underlying...
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Last
22.5¢ |
Change
0.005(2.27%) |
Mkt cap ! $484.8M |
Open | High | Low | Value | Volume |
22.5¢ | 23.5¢ | 21.8¢ | $1.129M | 4.976M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 108900 | 22.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.0¢ | 179285 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 108900 | 0.220 |
5 | 411837 | 0.215 |
8 | 589052 | 0.210 |
2 | 78300 | 0.205 |
5 | 145100 | 0.200 |
Price($) | Vol. | No. |
---|---|---|
0.230 | 179285 | 3 |
0.235 | 22000 | 1 |
0.240 | 350000 | 4 |
0.245 | 309000 | 1 |
0.250 | 614702 | 9 |
Last trade - 15.59pm 29/03/2024 (20 minute delay) ? |
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Last
22.5¢ |
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Change
0.005 ( 1.12 %) |
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Open | High | Low | Volume | ||
22.5¢ | 23.5¢ | 21.5¢ | 3224650 | ||
Last updated 15.45pm 29/03/2024 ? |
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