Been following this stock for a couple of months now and was waiting for guidance to be released before picking it up. With that out of the way and COO on course to hit ~4m this half, I can't find a single reason to not buy.
Increased YoY NPAT for 5 consecutive years
Currently trading at a PE of 7 where the industry average is ~15! (OKN:13, UXC: 14, RXP 14)
On course to pay a 0.6c divi in August taking it to 1.1c/share for the year (also increasing YoY)
Cash reserves of $10.1m
No previous CR that I am aware of, no need to raise
All in all, solid little business that is grossly undervalued by the market.
Am I missing something or is this just the ASX's best kept secret?
COO Price at posting:
14.0¢ Sentiment: None Disclosure: Unspecified
OKN Price at posting:
$1.29 Sentiment: None Disclosure: Not Held
UXC Price at posting:
77.0¢ Sentiment: None Disclosure: Not Held
RXP Price at posting:
65.5¢ Sentiment: Buy Disclosure: Held
