RQL 0.00% 26.0¢ resource equipment ltd

Ann: Appointment of New Director , page-4

  1. 3,092 Posts.
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    Sath,

    I think the share price is fair considering the present and future outlook.

    Although why would they need a CR? Their debt levels are extremely low and they are still profitable, the ann stated that PBT will be around the same as last year, $6.5 million, although now that they will have to pay tax this should be around $4.5 million. Also, all of our long term contracts are in place.

    That said I have called the company's prospects and future disastrously in the past so my opinion is not worth much.
 
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