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
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- $5.1m 9 month profit!
Hi guysReading the Investor Presentation and in section 6 it...
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