SRS spicers limited
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stripiing out the cash - the company is on underlying earnings...

  1. Value_Hunter
    4,727 Posts.
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    26/08/18
    08:49
    Post #: 35184119
    stripiing out the cash - the company is on underlying earnings of 6 to 7 times ........

    to me - it looks like Oz has been stabilised .......NZ must have lost a contract, Asia - stable ......

    they still have some excess property, and management stated a divvy is on the cards....

    future should be ok. - and perhaps some small bolt-on acquisitions.....

    fair value prob around 5-6 cps.....


    rgds
    Value_Hunter
    SRS Price at posting: 4.4¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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