possible low pe

If another 90 million shares are issued it would give the company a cap of around $13 million at todays price.

Shedco had an operating profit of $2 million last financial year and is expanding.

Add the profits from the recently opened pub and you are probably looking at a very low pe if everything goes through.



from the announcement

"5. OVERVIEW OF SHEDCO AND ECO TRANSPORTABLE (cont’d)
Shedco
Shedco provides a ‘one stop shop’ arrangement with value added services in
engineering, design, erection and construction.
Due to the very nature of the products, Shedco’s customers cover a wide spectrum of
industries and domestic markets. Certainly, the most common sales are the
domestic products (garages and sheds) with larger commercial sheds sold to
farmers, small to medium sized companies and the mining industry.
The management accounts provided by Shedco disclose revenue of $17.5 million, an
advance order book of in excess of $9 million and are an operating profit before
interest, tax, depreciation and amortisation of $2.0 million for the financial year ended
30 June 2007.
For the financial year ended 30 June 2006 revenue was $9.8 million and an
operating profit before tax, interest, depreciation and amortisation of $589,000.
Note
The above results are based on management accounts provided by Shedco which
have not been verified by Oz Brewing Limited and have not been audited. The
results will be subject to verification during the due diligence process.
Eco Transportable
Eco Transportable was established in September 2007, after the purchase of a local
manufacturer of transportable buildings and an agreement with Siam Steel of
Thailand, for the production and supply of mass produced prefabricated mining
accommodation, industrial buildings and park homes. This gives the Company the
ability to deliver up to 1,000 units within four months. All buildings have been
engineered and designed to Australian Standards and include fully cyclone rated
buildings for the Pilbara and Kimberley regions.
Establishing Eco Transportable was a strategic addition to the Shedco range of
products, allowing Shedco to leverage further its relationship with major Shedco
customers and the strong demand for transportable buildings in the mining industry
and country housing.
The Company will keep the market informed as the transaction to acquire Newco Pty
Ltd progresses.
The Directors advise that shareholders and the public should not speculate on the
outcome of this transaction as it is conditional on a number of matters including the
completion of a due diligence.
Yours faithfully
Trevor Pugh"