upgarded to strong buy

I have been veiwing hotcopper forums for a coupel of years now however never felt the need to post my opinions until now.


The market has been short selling this stock of late hence the bottom of $2.04.

Brokers have finally cottoned on to the future outlook of this company and the fact that it is significantly undervalued by increasing to a STRONG BUY.

EPS forecast is a a conservative 27 cents. Resulting in P/E of just 9.60

Reliable earnings model - coupled with a cost base reduction program.

Fantastic acquisition of the Broadsword marine business - that is likely to add a further 6 cents EPS FY13/14 after debt cost.


In my opinion - SKE to break through $4 within the next 12 months.


Interested to hear other investors thoughts on SKE.