STTCOMP MAH, FA Long Australian mining services company Market...

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    STTCOMP MAH, FA Long

    Australian mining services company

    Market Cap $187m @ 15.5c, Cash $68m, EV $120m

    Annual results due this week or so, potential for better second half result based on: debt only being repaid 31/07/2015 (2 months of interest costs in 1H and only 4 months of positive interest), idle and previously impaired plant now being used on St Ives contract with possibility of writeback, positive effects of recently won contracts, high level of depreciation in 1H may be lesser in 2H and NPAT will be subject to positive tax adjustment due to accumulated tax losses.
 
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