SWK 0.00% 30.0¢ swick mining services ltd

compare SWK to DDH1strip out the orexplore and we haveFY19...

  1. nk
    3,087 Posts.
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    compare SWK to DDH1

    strip out the orexplore and we have

    FY19 Revenue $143M

    EBIT 9.2M = EBIT margin of 6.5%

    DDH1 we have a EBIT margin of 13.6%

    in the good old days SWK achieved EBIT margin of 18%

    you can see the upside in valuation if SWK increases EBIT margin to over 10% plus achieves a competitive advantage

    you can also see there is little interest from fund managers in drillers, so you need to be patient with this stock and have a 2 to 3 year view. Paying a dividend becomes more important in this enviroment.
 
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Currently unlisted public company.

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