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6.3¢ new energy solar limited

Ann: Half Yearly Report and Accounts, page-3

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yng87

10 Posts.

03/10/18

17:20

Post #: 35981835
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Originally posted by Pary ↑

Fantastic result turning from loss to a significant profit after dividend distribution (over 5% yield).
What gets me is how much under radar is this company at present. Unfortunately Australian investors still have little understanding of effectiveness and economy of solar energy production. Considering the availability of sun energy in Australia it is like neglecting money laying on a street.

Good indicator of SP value of this kind of companies is NAV per share which usually should be slightly above the SP. According to the report: ' net asset value (NAV) as at 30 June 2018 was $1.53 per Stapled Security'. The company also had number of projects under development which will start delivering revenue in near term

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After sitting on my hands watching for quite a while, I have bought my first parcel of NEW today.
Will just let it sit and check back on it in a couple of years, as you say Pary very under the radar.
with expansion in Australia I cant see how this cannot grow and benefit shareholders and the environment.

NEW Price at posting: $1.43 Sentiment: Buy Disclosure: Held
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