RQL 0.00% 26.0¢ resource equipment ltd

interim results are out, page-12

  1. DSD
    15,757 Posts.
    Let's use relaxan's figures which appear well-based. Assuming the 3.8c EPS from 2HFY12 can at least be maintained.... then FY13 EPS is 7.2c. This equates (at SP 45c) to a PE of 5.76. Not bad for a firm with zero debt! No way it's a 'sell' at this level. Woodie contract renewal will give SP a sharpish boost.... possibly to 55c. Remains a TO target imo.
 
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