I've been looking at SCEE for some time from the view of a resource services play until I became involved in the same projects they are currently on.
Capex in this sector is increasing but not yet boom times so the likes of SCEE have to take risk with resource clients.. In boom times all packages SCEE are likely to be involved in will be reimbursable and the only risk would be a Target Cost Estimate arrangement...If these days return as they were before 2010 then SCEE could go north of $1.50.
I don't think they have been honest with the market regarding some of the strife their projects are in hence SP is little higher than it should be...You rightly point out projects end and you move onto another that may be fruitful.. Be aware there are things coming through the system that may take the shine of expectations and its then I may buy in.
Ann: Change in substantial holding, page-13
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Last
$1.72 |
Change
-0.045(2.56%) |
Mkt cap ! $451.4M | |||
| Open | High | Low | Value | Volume |
| $1.76 | $1.76 | $1.72 | $802.7K | 462.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 230 | $1.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.72 | 350 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| SXE (ASX) Chart |