Wonder if this is a deep value play.
Share price is the lowest since 2013 but revenues have grown 4x since then.
When conditions do recover eventually and they can earn a normalised margin on that 4x revenue that's when that comes into play.
For instance $70m revenue at a 7% NPAT margin is $20c EPS at the same 50c share price from 2013.
Director bought a nice parcel recently too.
Wonder if this is a deep value play.Share price is the lowest...
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