SWK 0.00% 30.0¢ swick mining services ltd

I would be interested to see more detail on that estimate if you...

  1. 275 Posts.
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    I would be interested to see more detail on that estimate if you could dig it out again nammatt.

    Let's assume for now that SWK do meet MikeM's EBITDA of 17.1m for the full year (which is not a bad ballpark, I am thinking 16.x).

    D&A for FY to Jun 2012 was $14.4m
    D&A for HY to Dec 2012 was $7.8m
    D&A for FY to Jun 2013 was $14.4m

    So EBIT = 17.1m less say $14.4m = $2.7m

    After interest and tax, this doesn't leave a lot on the NPAT line when divided by the number of shares outstanding.

    Despite this, I am really keen on SWK long term and think FY15 will probably be a return to normality.

 
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