AJL 0.00% 1.0¢ aj lucas group limited

Ann: Results of Institutional Offer, page-27

  1. 2,910 Posts.
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    Mate. I agree. It looks like K is pulling the string from here on. I hope they have more senses than these guys.
    There are only 2 possible good news tjat can lift the so.
    1. A farm out part of Cuadrilla.
    2. The result of Cuadrilla current well pressure build up test showing reserves number and productivity.

    AJL current market capitalization is $44.5mil. Implying a multiple of just 2.5 times its EBITDA. While Michell Drilling is valued at $112 mil. That is embarrassing for this management.
 
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