CCI Holdings is budgeting for an EBITDA of 6M in the 06 FY, after posting 5.1M last year. Currently at 17.5c the staock is capitalized at 23M. This means the stock is priced at just 3.8 times this years EBITDA. CHEAP!! NPAT should be close to 2.8M or 2.1cps, meaning the stock is currently priced at a P/E of 8.2, when all the mining services stocks are attracting P/E's of 20+. Once again CHEAP!!
And you can have your cake and eat it too because the company has lots of inherent GROWTH which will drive future profits higher because of the growing amounts of coal to be tested both in production and in the export markets.
Currently UNDERPRICED, with strong future GROWTH potential. This is the combination for a very profitable LT investment.
CHL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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