TER 4.88% 19.5¢ terracom limited

Ann: Quarterly Report - April to June 2024, page-7

  1. 55 Posts.
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    My thoughts....

    Company generate about 30M of earnings per HY with current coal prices.
    Current share price of 19.8c below book value of 22c of half a year ago (before generating 30M more, should be about 25c now).
    We have a customer prepaying (on unknown terms) which allowed us to clear the ATO debt and the interest.

    Not counting the ATO tax bill (paid now)
    We have 8M of cash, so EV=156M so PE=156/60 = 2.6
    I mean we will a bit less money given the prepayment good terms but this seem like good numbers to me.

    What am I missing?
 
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