SRX 1.43% 17.8¢ sierra rutile holdings limited

Thanks Cafa and Pandelis for the high-quality posts.The bit that...

  1. 1,138 Posts.
    lightbulb Created with Sketch. 1171
    Thanks Cafa and Pandelis for the high-quality posts.

    The bit that confuses me about this stock is the slow earnings growth compared to the revenue growth. Given that its (apparently) such a high-margin product, I've always assumed that 10% revenue growth would translate to 25% earnings growth .... this was obviously not borne out in the FY13 results, nor is it borne out in the 2014 and 2015 estimates.

    I also don't think the company adequately addressed this issue in either its commentary on the FY13 results nor in the phone conference .....
 
watchlist Created with Sketch. Add SRX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.