STTCOMP RDG, FA LONG
Resource Development Group
Share price: $0.021
MC: 13M
SOI: 619M
Cash: $9M @ 31/12/17
Building developer operating largely in the mining space but has done large contracts in past in residential side to diversify. Recently won contract for $9m in January and announced after close of trade further contract wins totalling $10m. Also stated in last half yearly looking for acquisitions for those with decent order books and valuations and few starting to materialise worth looking at. At EV of $3m with these recent contract wins and given they operate at 30% Gross margin on these contracts looks way undervalued with potential for few bags if continue to win contracts and/or make an acquisition. They currently with these contracts have $40m of work on their books for this year currently.....and at 30% margin you do the maths.
STTCOMP RDG, FA LONG Resource Development Group Share price:...
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8,586.9 |
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