Share price is undervalued. Company has flagged a return to profitability and current mcap reflects value of McGrath only. Balance sheet is net cash so enterprise value is $20m for a company which can turn over $10m EBITDA. Everything else- rental assets, Rapley, Halley- is free. Management also likely to outline growth options with South Hedland Build-Own-Operate project soon. Will be surprised if share price isn't 15c within a couple of months.
NOD Price at posting:
10.5¢ Sentiment: LT Buy Disclosure: Held