Hi guys
Reading the Investor Presentation and in section 6 it outlines profit performance this fin year to Mar 30 as $5.1m. (unaudited)
Some quick calculations... approx 195mill shares, and based on conservative est of $6m full year profit, ABQ has EPS of 3c.
3c!!!!! Current SP of 8c means trading on a PE of 2.66x.
In Jan they paid div of 0.5c, which at current prices is 6.25% yield.
Preso also outlines vision of vertical integration, balance sheet re-structure for LT growth, board review etc.
IMHO these are bargain basement prices if they continue with profit figures at these levels.
The preso is well worth a read, link below:
http://www.asx.com.au/asxpdf/20100520/pdf/31qffl1ctln4n3.pdf
cheers
- Forums
- ASX - By Stock
- $5.1m 9 month profit!
Hi guysReading the Investor Presentation and in section 6 it...
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ABQ (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online