The site business continues to expand at a fantastic rate ,the turnover over the last financial year has increased by 62 % to a turnover of $65 million and the ebitda profit has increased by 225% to $13 million.The growth appears to be accelerating as there are a number of new projects which will come on stream over the next 12 months.In addition the company has stated in their update last friday that they are actively exploring new accretive acquisitions and new product offerings .With the current growth in the business and potential acquisitions this financial year, the turnover come be up to $90 million and ebitda profit up to $22 million.For a company currently capitalized at $117 million this stock appears to be extremely undervalued.
SIT Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
