profitable, growing and waaayyyy undervalued, page-25

Always a risk. The impressive thing is they are using all proceeds to invest in more rigs!!!! Not one drop to pay down debt. The overall post capital raise picture is a business with an EV of $100m, generating $20m EBIT PA. However it feels like growth is assured for the next 4 years or so....

I feel as they continue clocking in increase in half yearly profits it will slowly re-rate. Who knows maybe in 4 years they will have an EBIT figure that will dwarf the $30m in debt, management doesnt seem concerned about it.