There's nothing wrong with taking a quick profit. My personal judgement is that Ausdrill is worth more than the market is currently judging it. Somewhere in the low $2s is what I am expecting long term. If there was a significant downturn, then i would still put it above $1.5. However, there's some complicated drivers in the industry though that could Ausdrill long-term. Increased automation. The changing 'maturity' of the Australian and African mining landscape. Exchange rates. Access to capital. Also a rebrand may be potentially useful for the company, as a lot of people seem to assume simply by the name that Ausdrill is an oil and gas driller, and so discount or ignore the company due to climate change policies.
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8 | 801 | 0.985 |
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