EVZ - EVZ Limited

[SilverDollar]

Re: EVZ - Envirozel

Well, gone the other way to what I thought.

Somebody slap me....it keeps getting cheaper.

EBIT $8.6 million (up 41% on previous year)
Capital Value now $43,543,239 (@21)

 

[Jimminy]

Re: EVZ - Envirozel

Well, gone the other way to what I thought.

Somebody slap me....it keeps getting cheaper.

EBIT $8.6 million (up 41% on previous year)
Capital Value now $43,543,239 (@21)

I don't think it is cheap based on their recent performance.....

Their EPS and projected EPS give it a P/E of around 10. I'd doubt it even deserves that given the recent poor announcement with the performance of some of the companies.

This should go sub 20c in the coming weeks.

cheers.

 

[mark_au]

Re: EVZ - Envirozel

EVZ is around 8 cents at this time, im tossing up whether to top up my holdings.
Is anybody following this stock, thoughts ???

cheers

 

[galumay]

Another unloved business I found and have opened a small position in.

It has about $10m in cash and a market cap of $19m so its valuing the whole business at under $10m, made $1.5m profit last year so thats a pretty low multiple! FCF last year was also about $1.5m so strong conversion rate.

Should do about $2m NPAT this FY based on guidance for H1.

Share register relatively illiquid, 75% in top 20. Directors & executives have reasonable skin in game.

Company indicated some contracts due to roll over and there may be some margin expansion as a result.

So the upside thesis is that they have some consistent growth in revenue, which seems to be true, and they also get some margin expansion due to contracts rolling over on more favourable terms and "operational improvements". The unknown is the margin expansion.

 

[galumay]

EVZ with a significant contract win, worth about 20% of total revenue this year. Trundling along nicely.

 

[galumay]

$EVZ with a solid year, while I am generally happy with progress, the negative cash flow is a concern, but hopefully that will turn around with the effect of the recent contract wins.