Yeah, still sitting on PE of between 10-12 which appears undervalued given the past couple years of massive growth, recently undertaken capex, strong cashflow and the opportunities for growth especially in Kashagan/Caspian and in the middle east.
For those interested, i emailed admin yesterday to ask when the 1/2 year results were out - the previous 2 years they released them on 25/2 and 26/2 so i figured they must be due. The answer i got was that no definite date has been set, but it will be before March 15 (cut-off date), and the CFO is working hard to get them done before then. I guess the recent tax changes have slowed down the report a bit, such i doubt it'll be out before the end of Feb.
Profit upgrade for FY'06 from $12.46M to $15.54M following adjustments for tax, according to Commsec.
I'm gonna hang out for the 1/2 year and if it's as good as i hope it is i might top up. Go PCG :).
Yeah, still sitting on PE of between 10-12 which appears...
Add to My Watchlist
What is My Watchlist?
