lewinsky
12-05-2010, 04:31 PM
EAL, is worth having a look at.
They become ex a 1.5c share on the 18th May.
Their 3rd quarter profit after tax was $3.55 mill and half year was $2.051 mill.
Based on the upturn in the mining and supply sector, i think it is reasonable to expect a NPAT of $5 mill.
This would put them on a pe of under 6 and a div yield of 9.6%.
They have a good operating cashflow, but their balance sheet is sheet.
The goodwill is rather prominent.
This is in the shovel and spades categorary for me, and from where I am sitting looks a tad undervalued.
The Liz may have some views, which I always rate.
Cheers
LEW.
(who has put his toe in the water!).
They become ex a 1.5c share on the 18th May.
Their 3rd quarter profit after tax was $3.55 mill and half year was $2.051 mill.
Based on the upturn in the mining and supply sector, i think it is reasonable to expect a NPAT of $5 mill.
This would put them on a pe of under 6 and a div yield of 9.6%.
They have a good operating cashflow, but their balance sheet is sheet.
The goodwill is rather prominent.
This is in the shovel and spades categorary for me, and from where I am sitting looks a tad undervalued.
The Liz may have some views, which I always rate.
Cheers
LEW.
(who has put his toe in the water!).