First half profit after tax - 6 months - 8.2 million --> annualised this equals $16.4 million.
And this under-estimates full year profit, as the ramp up in Indonesia was skewed towards Q4.
Then you look at the market cap - $50 million.
So P:E is ~3.0.
Ridiculous.
The only thing that might put new investors off is the decline in cash. But this is completely explained by investment outlays, which are already producing strong profits. And the forward drilling plans are exciting too, especially in Indonesia.
Ann: Appendix 4D & Half Year Report, page-2
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Last
10.5¢ |
Change
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Mkt cap ! $73.32M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.5¢ | $45.29K | 412.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 960658 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 154851 | 3 |
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| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
11.0¢ |
Change
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| Open | High | Low | Volume | ||
| 10.5¢ | 11.0¢ | 10.5¢ | 119000 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
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