Hugely undervalued, page-17

  1. 5,980 Posts.
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    Be interesting to see what the board and management have to say at the AGM on Friday .
    If it is a confirmation of a turnaround then I agree 10c is a minimum short term target
    The challenge is , just how much turnaround do we need to see to have the stock re rate ?
    Market cap at 10 cents is around $60 million.
    I think it is fair to say revenue is flat and margins are low
    it appears Australia , New Zealand and Canada can get in excess of 5% net margin going on the June 30 financials it is just what margins that can be generated as an average on the $3 billion revenue that is key.
    At even 1% that's a $30 million net margin , surely that is a realistic target or its almost not worth trying ?
    If it did get to 5% on $3 billion ($150 million ) then Andrew Price would deserve a knight hood.

    What PE would a $30m profit warrant ?
 
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