CHL....(Coal mining services company CCI Holdings) Expectations are for the company to forecsat an EBITDA of 7M+ for 05/06 (at the AGM later this month). At 19c the company is capitalized at 25M (131M shares on issue), so you are purchasing CHL for the equivalent of 3.6 times 05/06 EBITDA.....conservative commercial worth is at least 10 times EBITDA and probably closer to 15 times with the growth market CHL is trading in. Conservatively it's trading at 35% of it's realistic COMMERCIAL VALUE.....Add to that the fact the board has listed as discussing a dividend for 05/06 as item 2 on it's AGM agenda , and you can see there are reasons based on logic as to why CHL will see sustained increases in it's shareprice from here.....
CHL Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
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