RCR 0.00% 87.0¢ rcr tomlinson limited

Boondog,Saw your post before it was moderated. The market can be...

  1. 75 Posts.
    Boondog,

    Saw your post before it was moderated. The market can be irrational, but I think the bottom falling out of RCRs price to the extent you suggested is a big call.

    I invest on fundamentals and momemtum. The former looks good for RCR - they are conservatively geared, have a low EV, low price to operating cashflow (my estimates at the bottom of this post). Plus they have a good outlook - in the mid year briefing they reported their order book was $245M of orders on hand at June 2009 (previous corresponding period $170M) with 50% of anticipated full year project revenue already contracted or under negotiation.

    RCR could do alot better in updating the market on work won and earning estimates. Anyway, I am long. The company is worth north of $2 in my estimates using a peer comparison basis - time will tell which one of us is right.... cheers


    1.88 Current ratio
    2.00 Quick ratio
    0.48 Debt/Asset ratio
    0.94 Debt/Equity

    120,900 Market capitalisation
    174,688 Enterprise Value
    96,688 Tangible enterprise Value

    12.55 Enterprise multiple (EV/EBIT)
    4.04 Enterprise multiple (EV/EBITDA)

    0.24 OCF/Share
    0.08 FCF/Share
    3.90 Price/OCF
    11.85 Price/FCF

    8.69 PER
    0.765 NTA per share
    1.365 NA per share
    0.107 EPS
    1.216 Price/NTA

    0.136 eps 2010
    0.191 eps 2011
    6.84 per 2010
    4.87 per 2011
    0.05 div per share 2010
    0.07 div per share 2011
    0% div surprise
    0.050 risk adjusted div 2010
    0.067 risk adjusted div 2011
    5.4% yield 2010
    7.2% yeild 2011
 
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