This one is genuinely flying under the radar I think, as soon as some revenue figures related to the massive Mozambique LNG projects start rolling in, people will wish they stocked up while it was so cheap. A PE ratio of 10-11 is fairly normal for labour hire companies in Australia, which would justify double our current market cap with only 1% rather than 10% of the peak numbers.
Allowing for some sovereign risk being priced in, this is still under valued. Africa, and specifically Mozambique is getting a lot of attention from the US government for strategic development, in order to limit Chinese investment influence in the region.
Ann: Investor Presentation - Resources Rising Stars, page-4
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.718M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 63401525 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 8818657 | 6 |
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