Long term PRN (Ausdrill holder) here, just to give a balanced view point and lighten the room, as I know you're mostly disappointed, but honestly I think PRN is heavily undervalued.
- Revenue target $3.0B FY25
- Market Cap of only $700 million, with EBITA of $500m++++
- Previous dividends were HUGE, once 14.5c fully franked, yes its dived off, but money has been spent in a buy back instead, about 2.6% of shares and 3.8% of bonds.
- Margin 9.4% +++
- Some growth
- Net debt 566m is not too big considering current profit.
- 25 Active projects
Good luck & welcome on board!
Long term PRN (Ausdrill holder) here, just to give a balanced...
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