Nicely summarised TEP - the only thing I would add is there is 31m shares escrowed so there are 386m shares on issue.
But as I said, 6m ebitda on 7 rigs should equate to $13-14m on 12 rigs. I think a price catalyst over the next 12 months for that sort of re-rate will be vertical growth and then land contracts with those ancillary services included. There is a fair bit of earnings potential just there.
Being seen as a critical water management for company instead of just a niche production driller will push the SP to trade at greater multiples imo.
Ann: Annual General Meeting Presentation, page-73
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Last
33.0¢ |
Change
0.010(3.13%) |
Mkt cap ! $138.1M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 33.0¢ | 32.0¢ | $1.258M | 3.873M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29554 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 13548 | 1 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| VYS (ASX) Chart |