AAX has very small debt, high dividend ratio, low PE ratio and...

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    AAX has very small debt, high dividend ratio, low PE ratio and has fallen from $4 in 2 months after announcing a forcast NPAT of $41,000,000 or close to it.
    It will also increase with a fall in AUD that is predicted by many senior currency traders.

    Huge volume on the share price drop is enough for me to buy at current levels.

    Looks like the selling is finishing from an Insto, key details below as to why i like this stock at current levels.

    Key financial highlights
    ? Record revenue from operations, up 15.6% to $633.5 million (FY11: $547.9 million)
    ? Underlying EBITDA increased to $68.0 million (FY11: $46.9 million)
    ? Underlying EBITDA margin increased to 10.7% (FY11: 8.6%)
    ? Attributable profit after tax of $41.4 million, up 57.1% (FY11: $26.4 million)
    ? Operating cash inflow of $41.2 million, up $29.8 million from 2011
    ? Strong balance sheet with net gearing ratio of 4.1%
    ? Earnings per share increased 56% to 33.5 cents per share
    ? Final 2012 dividend of 10.1 cents per share declared (franked to 50%)
    Key operational highlights
    ? Personnel increased to 3,440 across the business - a 12.4% increase on 2011
    ? Currently work on hand, including preferred contracts, is at $451 million (31 Dec 2011: $447 million)
    ? Evaluate and Innovate phase work underway on $15 billion of projects, contributing to a strong Create phase pipeline into 2013 and 2014
    ? Create phase pipeline increased to $4.2 billion with 7 new Create EPCM contracts won during 2012
    ? Strong organic growth from acquisitions delivering compound average earnings growth of 11%
    ? Cross selling benefits achieved over $48 million in additional revenues in 2012
    ? Two strategic acquisitions will drive growth in oil sands and asset optimisation sectors.
 
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