Cant see anyone using the services long term at that EBITDA, you can buy your own rig in 3 years and then effectively use it for free for the next 20 years.
If it wasn't for the gain on sale, Vysarn would have made a loss last year. All that suggests to me is that there is currently a shortage of rigs, that can change in 12-24 months and then there is suddenly atleast a $7million write down on the books. If anything its probably a good time to invest in a rig company specializing in dewatering, food for thought for Hutchy and Jimmy.
Cant see anyone using the services long term at that EBITDA, you...
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Last
28.5¢ |
Change
-0.005(1.72%) |
Mkt cap ! $116.4M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.5¢ | 28.5¢ | $47.9K | 165.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 69780 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 12000 | 2 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| VYS (ASX) Chart |