If this shows any weakness in its SP, then it might be worth the pennies.
From their latest update (dated 27/3/2012)...
FY12 Outlook Second half revenue is expected to benefit slightly by the introduction of the additional rigs, with the full benefit to accrue over the FY13 financial year. Swick is pleased to confirm full year guidance in the region of $130 million revenue with $28 million EBITDA
This would be a 23.89% gain on last years result of $22.6 million.
The P/E using figures from last year's report is: 4.3/89.82 = 20.888... Which is high but will naturally improve if the NPAT increases.
I wouldn't be buying at these prices but once the traders jump, then it might be worth a bite. It's a shame I lost sight of these as I would have liked them at sub-30 cents.
Good luck.
SWK Price at posting:
38.0¢ Sentiment: Hold Disclosure: Not Held
