So according to the above attached, a Revenue of ~$100 million per annum, with ~$70 million of that as gross profit (~70% Gross Profit margin, with annual Revenue of ~$100 Million). Meanwhile we have fast rising oil prices (meaning increasing profit margins), and at the same time, management working on decreasing admin/operating costs (one example is sale of Montney).
Current market cap is ~$55 million dollars.
No wonder the Directors have been buying up.
CE1 is significantly undervalued IMO.
Ann: Brooks Drilling & Operations Update, page-23
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Last
1.0¢ |
Change
0.004(66.7%) |
Mkt cap ! $6.334M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 1.0¢ | 0.7¢ | $247.9K | 33.21M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 555555 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 1070684 | 8 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| CE1 (ASX) Chart |