SWK 0.00% 30.0¢ swick mining services ltd

SWK makes world first fully electric mobile diamond drill, page-20

  1. 275 Posts.
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    Swick Mining Services –
    Kent Swick, Jitu Bhudia & Brett Giroud
    Provided a strong set of FY21 results to the market highlighting performance of the underlying drilling business.
    We expect the strong cashflow generation and commitment to demerge Orexplore business by end of CY’21 to be well received by investors
    We continue to see enormous value to investors under a separated group structure.
    Trading on 2.4x FY22 EV/EBITDA – Our 4x target multiple remains entirely undemanding compared to recent acquisitions in the sector at ~5x/6x.

    Source: https://www.eurozhartleys.com/euroz-hartleys-mining-services-day-review/

    Agrees with assessment of this thread an 'undemanding' 40cps for drilling business with valuation based upon recent sector acquisitions 50-60 cps. Any additional value attributable to Orexplore at listing icing on the cake.

    Remains incredibly good value and am personally expecting the standalone drilling business to be an easy takeover opportunity within the next 12 months. Many possible suitors, with ones at the top of my personal list being DDH1 or Major Drilling.
 
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Currently unlisted public company.

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