michael_selway
Coal & Phosphate, thats it!
- Joined
- 20 October 2005
- Posts
- 2,397
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What's going on with this today - up 9c to $1.19. Another offer in the pipeline maybe? Or just people waking up to the fact that it is a good stock and the Directors are right in their decision not to sell out? Anyway, hopefully some good news soon to keep it moving up.
Its got good forward numbers, although high risk I think. This Financial Year was a big drop compared to 2006 EPS etc
Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 5.1 8.6 11.7 17.0
DPS 1.8 2.0 4.0 3.0
EPS(c) PE Growth
Year Ending 30-06-08 8.6 13.4 68.6%
Year Ending 30-06-09 11.7 9.8 36.0%
• Whilst there will continue to be initial costs and low level results in some new regions, the 2008 year is expected to see significant news flow on major new projects commencing in 2008 and ramping up into 2009 and 2010.
• As a result, 2008 should see a similar operating result to 2006, but sizeable earnings uplifts in 2009 and 2010 are expected.
Thanks
MS