Looking at their half year report they have about 8 mill pre tax profit after maintenance capex of 1mill. Remeber they have a lot of D and A related to their acquisition which drops the EBIT but is not a reflection of true costs. If you say they will have no growth this current half (unlikely) then you have 16 mill annualised pre tax profit giving a pre tax PE of around 9. This is very cheap for a company like this with huge takeover prospects
ESV Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
