excessive capitalisation for installaition co.

  1. 761 Posts.
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    AIR at 1.16 has a company value of a bit under $30M.

    This seems excessive for an installation company which basically picks up panels and inverters from a wholesaler (SOO, value $22M) and sticks 'em on a roof.

    Why is this company priced so high compared to one with greater engineering capability plus the installation biz (e.g. CBD, value $48M but includes growing cash streams from Chatham Islands and other windfarms)?



 
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