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Growth at a reasonable price

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The Barbarian Investor

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Whilst searching for stocks that have the potential for Growth at a reasonable price i located several that i'll look at futher..

does anyone have any views on

FLX Felix Resources

OXR Oxiana resources

GCL Gloucester Coal

PMM Portman Ltd

MCR Mincor Resources

CIY City Pacific Ltd

TRG Treasury Group

This wouldn't qualify for Techa's breakout post, but look interesting to me forGrowth..
 
My opinion.

FLX - unstable, but sure to go high.

OCL - Stable, and solid investment.

OXR - peaking, lay off for 2 months before investment.

MCR - i think i'd pull a tech/a on this one and wait for it to break a bit for i invested.

No doubt tech/a will make a far better post very soon. This is just an opinion, nothing more.
 
I own portman. They have done well but are now being taken over.
 
TRG - had a nice run over the last 12 months. Have heard that they still have a bit to go. Should be considered. Also watch AVU (same crew) have heard around $1 by the end of the year.

Cheers,
Sam.
 
Knobby22 said:
I own portman. They have done well but are now being taken over.
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Knobby- what do you mean are being taken over? If that was the case why would there SP be on a downwards spiral over the last 12 months?

At a glance- I believe Portman to be way undervalued- with an EPS of 68c for 2006, and 120 mill in the bank vs. hardly any debt.
 
Kipp said:
Knobby- what do you mean are being taken over? If that was the case why would there SP be on a downwards spiral over the last 12 months?

At a glance- I believe Portman to be way undervalued- with an EPS of 68c for 2006, and 120 mill in the bank vs. hardly any debt.
Click to expand...

Cleveland Cliffs attempted to take them over in 2005 gaining 72%.
I foolishly sold into the takeover after the directors advised me to sell.
The takeover failed and Portman is independant again.

Thanks for the heads up,Kipp. I will look at them again.
 
Knobby22 said:
Cleveland Cliffs attempted to take them over in 2005 gaining 72%.
I foolishly sold into the takeover after the directors advised me to sell.
The takeover failed and Portman is independant again.

Thanks for the heads up,Kipp. I will look at them again.
Click to expand...
LOL... not so foolishly it seems... I'd wager you sold at for a better price than $4.80!!!
Also I cannot understand... why PMM didnt pay out a dividend last year... $120 mill in the bank, posting a monster profit- I think it would of been a good idea to return a slice of that back to the shareholders, unless they are on the lookout fora takeover target maybe??

Finally on PMM (sorry... I know all of this rant probably belongs on the PMM thread but it is a ghosttown...) I have read that RIO and Fortesque are both $2.50/tonne of resource- by this measure Porty DOES look expensive... $700 mill market Cap for only ~140Mt of Iron. About $5/tonne.
 
Repost of ead83 from SS. NWE will obtain great growth over the next 12 months and is currently very undervalued!

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NWE qualifies for this thread primarily through its 1.25% free carried royalty over AC/P22 in the Timor Sea, operated by AED. This royalty will be worth approximately $65 million over the life of the field (probably around 4 and a bit years). This figure is conservative given the assumptions of POO of $50, Recoverability of 44% & exchange rate of 75c. Also given that this 1.25% royalty covers the entire AC/P22 field including other undrilled prospects, there is the potential to increase this figure by a reasonable margin. AED should be pumping oil from around June/July, which should result in approx $15 mil pa to Norwest based on above assumptions.

Other important Australian assets include a 24.08% interest in AC/PC32 which is surrounded by producing fields; and a 1.278% royalty from the Jingemia oilfield (EP413) which is currently returning approximately $1 million per annum not including the latest potential production increase.

Block 48/1b & 2c (North Sea) are probably NWE's most important assets in the UK. It is close to existing infrastructure and producing gas fields. Of late two well respected indian companies BPCL & TPL, farmed into the block; 25% interest for each on the basis of covering 40% each (80% total) of the cost of a development well capped at $23 million. This in essence leaves NWE to cover only 10% of any development well cost. A significant gas discovery was made in the 80's on the block, and the Bounder prospect is considered relatively low risk. The kind folk on the NWE thread anticipate that Bounder may bring in as much as $11 mil pa net if successful, a very high ROI.

In addition, NWE's current cash position is approximately $7.8 million. It is expected that the divestment of NWE's US interests will bring in around $4 million, which will bring their cash position somewhere between $11 & $12 million. With strong near-term cashflow, experienced board & the potential to secure new acquisitions in conjunction with a major oil company (BPCL), makes NWE a very decent punt.

Current market cap is approximately $36 million. Happily holding!
 
Kipp said:
LOL... not so foolishly it seems... I'd wager you sold at for a better price than $4.80!!!
Also I cannot understand... why PMM didnt pay out a dividend last year... $120 mill in the bank, posting a monster profit- I think it would of been a good idea to return a slice of that back to the shareholders, unless they are on the lookout fora takeover target maybe??

Finally on PMM (sorry... I know all of this rant probably belongs on the PMM thread but it is a ghosttown...) I have read that RIO and Fortesque are both $2.50/tonne of resource- by this measure Porty DOES look expensive... $700 mill market Cap for only ~140Mt of Iron. About $5/tonne.
Click to expand...

Think I got $5.50.

From memory it is a very high quality resource i.e. the iron desn't contain sulphides so is worth more however it is in an evironmentally fragile area and there was a lot of difficulty getting extra area to mine and they probably will not get any more. The resource will run out within 5 years, not sure when, so maybe they are keeping the cash to allow the company to continue.
 
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