Mining services have been my best shares as they have had a big resurgence in the past two years. Was a big holder of PRN and did very well from it. Looks fairly valued now though rather than bargain. Much like NWH which I also did well from. But it now only makes 10% NPAT return based on current share price which is just par for a risky sector.
only mining services company now that offers upsized returns is MAH but has only a market cap of $300 mil so institutional investors are on the sidelines for now.
it would .be a good takeover target for PRN as it has a similar profile but double the profitability
Ann: Update - Notification of buy-back - PRN, page-12
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Last
$1.04 |
Change
-0.005(0.48%) |
Mkt cap ! $970.7M | |||
| Open | High | Low | Value | Volume |
| $1.03 | $1.05 | $1.02 | $3.008M | 2.912M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 48708 | $1.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.04 | 83448 | 3 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| PRN (ASX) Chart |