SRX 1.43% 17.8¢ sierra rutile holdings limited

takeover anyone?, page-21

  1. 8,917 Posts.
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    Apart from the normal bullish material. I'd expect sales a tad over $100m and EPS about the 35/6c mark.

    Forex is the unknown for the current year, but hopefully we will get guidance for the 13/14 year. I'm not sure of the time lag between sales and income received in the US so we may only be getting some benefit in recent weeks.

    Cash spend is a concern of mine, and I'd be more than pleased to hear the balance is around the high 50's (m).

    I'd expect to see an increase in the divi, and a large one really is in order (or a special) as they are generating cash by the week. By 2017 they are forecast to have a cash reserve approaching 160m+. I'd hate to see that cash burn a hole in Gilmans pockets - often leads to paying too much for another business.

    In any case the SP needs a rocket, as I went on record of $14-16 by the EOY results. Will have to send that cheap made in China crystal ball back to whence it came :-) Unless it can put on a $ in next 2 days :-)

    Would be nice to hear of US sales for July, like we did last year.

    Just my ramblings - as always DYOR, and I'm often wrong!

    What are your estimates TP??
 
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