Mining services have been my best shares as they have had a big resurgence in the past two years. Was a big holder of PRN and did very well from it. Looks fairly valued now though rather than bargain. Much like NWH which I also did well from. But it now only makes 10% NPAT return based on current share price which is just par for a risky sector.
only mining services company now that offers upsized returns is MAH but has only a market cap of $300 mil so institutional investors are on the sidelines for now.
it would .be a good takeover target for PRN as it has a similar profile but double the profitability
Ann: Update - Notification of buy-back - PRN, page-12
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Last
97.5¢ |
Change
-0.005(0.51%) |
Mkt cap ! $918.5M | |||
| Open | High | Low | Value | Volume |
| 97.0¢ | 98.0¢ | 95.5¢ | $1.699M | 1.750M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 48640 | 97.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 98.0¢ | 79364 | 51 |
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| Last trade - 13.30pm 09/09/2024 (20 minute delay) ? |
| PRN (ASX) Chart |