CCI Holdings (CHL) released unaudited results for the 2006 FY on 19 July. A couple of facts need pointing out with this stock being small and often overlooked by the market.
Fact 1: The company had 2.53c EPS which places the stock on a P/E ratio of 12.4 at its current shareprice of 31.5c
Fact 2: the company's rate of growth as measured by EBITDA growth of 7.37M (2006) to 5.11m (2005) is 44%.
So here is a STRONG GROWTH STOCK WHICH IS UNDERPRICED by about 60% when compared to it's peer stocks in the booming mining services sector. Go to it peoples, this bargain won't last with the company about to release a target's statement which will outline clearly the strong future earnings and growth, paving the way for the shareprice to move well north of the 31c takeover offer from CPB.
As a sweetener you will get a 1c dividend if you buy now and hold until November 1.
CHL Price at posting:
0.0¢ Sentiment: None Disclosure: Held
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