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AMU 21.0¢

junior oiler growing up

  1. splain

    396 posts.
    Amadeus today posted its half yearly report/accounts, and flagged some impressive figures for a junior oiler with a market cap of around $8.5 million.

    It noted that it was anticipating total sales for the financial year of around A$11.5 million, with a final EBITDA of between A$5 to 5.5 million and a net profit in the range of A$2.3 to $2.8 million.

    On those numbers it is valued on a PE ration of less than 4, and looks to be growing its oil production to deliver even better results down the track.

    These results are pretty much in line with those I foreshadowed in an earlier post on AMU a week or so back, which outlined my reasons for why this looked like a reasonable investment.

    Looks good on its oil prospects, and has a pile of blue sky from its biodiesel project too!
    Low liquidity means it is probably not for those looking for a quick in and out, but for those with a longer horizon it has a lot of promise. (I hold so am clearly biased).

    S


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