SWK swick mining services ltd

Good turnaround story here and well positioned for...

  1. 2,830 Posts.
    lightbulb Created with Sketch. 631
    Good turnaround story here and well positioned for growth.

    Currently well under valued with a market cap of circa $59m and an EBITDA of $25.5m and nett debt of $18m. Paying first dividend since Oct 16 and looks like a good investment for more divies into FY20 and beyond. The Mining Tech Business unit is new and looks prosperous going forward. It is currently a cash drain so the increased revenue projection for this unit just adds to the good growth story.

    Good buying at this low EV/EBITDA ratio of just 3. Target SP 50c IMHO but DYOR blah blah etc etc.

    Cheers

 
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