SWK 2.70% 38.0¢ swick mining services ltd

Ann: FY21 results conference call, page-3

  1. 793 Posts.
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    yes mate. KS was stunned! Brilliant delivery! Loved every second of it. You could feel KS trying to process the info! I could not get my question thru - but that q made up for what i was about to say. The guy was spot on - rarely has SWK managed to recover cost of capital. Its NPAT that matters - not EBIT. The SP was 22.5 when you posted - now 32.5 - maybe time to hit the sell button. I dont see any intrinsic value in OXT other than the cash grant. I need to spend time on today's ann. OXT clouds the issue. Maybe the hype will apportion some MC beyond cash. Would love to read the prospectus.

    I do feel SWK had turned the corner after overseas disasters - and the electric drilling is the way to go. Mark ups on the drill manufacturing are not enough and they have been too lazy/proud to attract govt grants for starting up a manufacturing business. KS knows better. But now the high fixed costs of the SWK business are spread over a much higher volume of revenue - surely some economies of scale thru the merger. For a start dont need 2 CEO's. If as you say SWK need to deliver - and they do - then its a good deal for DD. But on historical performance - maybe fair deal if divs keep flowing thru and SWK s/h bail out on OXT listing. I wonder how CGT will apply on selling OXT.














 
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