It will be too early too tell in their financials. We might get some commentary around margins and competition but I doubt it. MND or LYL haven't announced any contract wins either so I might be jumping at shadows.
When you look at the ROE for the various players you can see the attraction for MND and LYL.
ROE:
2011 2012 2013 2014 2015 2016
MND 49.2 51.3 50.7 38.2 28.7 18.2
LYL 35.3 37.1 31.9 6.2 -1.5 6.0
GNG 51.7 31.1 18.3 30.4 26.6 37.2
But ROE is a function of industry competitiveness (as well as obvious cyclicality in this industry).
Mr Market doesn't seem to be as worried as I am though. Price / book value for GNG is currently 4.73x on my numbers. While that is ok for a company that can maintain their high ROE it is much higher than it has been historically facing into what is arguably more competition from some very respected players.
Price / Book:
Current 4.73x
2016 2.90x
2015 2.79x
2014 2.25x
2013 1.67x
2012 3.20x
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It will be too early too tell in their financials. We might get...
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Last
$2.00 |
Change
-0.015(0.75%) |
Mkt cap ! $332.9M |
Open | High | Low | Value | Volume |
$2.01 | $2.02 | $1.99 | $331.0K | 165.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 3204 | $2.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.00 | 65 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1818 | 1.995 |
4 | 3919 | 1.990 |
1 | 1750 | 1.985 |
6 | 17097 | 1.980 |
1 | 5000 | 1.970 |
Price($) | Vol. | No. |
---|---|---|
2.050 | 8000 | 2 |
2.080 | 20268 | 1 |
2.090 | 6102 | 1 |
2.100 | 25304 | 4 |
2.110 | 7000 | 1 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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GNG (ASX) Chart |