Sell. Why?
1. The said capex would decrease, it went up
2. They said net debt out reduce, it went up
3. They said profit would increase by double digit, it decreased double digit
4. They capitalized $9m, made reported EBITDA of $13.5m, so real EBITDA was $4.5m
5. They lost a big contract in WA recently which will make points 2-4 even worse in FY20
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- Ann: FY19 Results Investor Presentation
Ann: FY19 Results Investor Presentation, page-4
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Currently unlisted public company.
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SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
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