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Massive reserves low market cap.
macduffy
post Posted: Feb 24 2009, 10:39 AM
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In Reply To: gizard's post @ Feb 23 2009, 12:53 PM

Hi gizard.

I take it you would welcome comments?
SFH is basically the old Millers as I recall. Had a volatile history in that capacity.
Not sure that I'd describe the debt as low when we're looking at $30m borrowings plus $67m accounts payable versus a mkt cap of $45m.
Current position is pretty scary by conventional standards but is of course coloured by the $30m being included as current as it is due for renegotiation in September. That may or may not be a problem but even without including the $30m, the current position is not pretty ( C/Liab $87m plus borrowings $30m v C/Assets $61m )
Company operates in the cheaper end of women's clothing retailing. I don't know how that will stand up in the tougher conditions expected in the near future but retailing in general is expected to struggle somewhat.
Too spec for me but I can see the possibilities.

Finally, remember the old adage - Beware of stocks with a P/E under 4. It probably means that someone knows more about the company than you do.

 
zog
post Posted: Feb 23 2009, 01:19 PM
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In Reply To: gizard's post @ Feb 23 2009, 12:53 PM

ALD would seem to qualify on your criteria. They have a P/E of about 4 to 5 and have just raised $30m and only have $5m debt (due in June). At current PoG they should be making a mint.

 
gizard
post Posted: Feb 23 2009, 12:53 PM
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hi all

im looking for stocks for my smsf
id like
market cap 20 million plus
some liquidity
pe<5 on current half yearly
strong cash flow
low debt
sub holders buying
has at least 3 years on the asx

ill start with sfh
currently 24c, made 8c for the half year
paid 15 million debt off for the half year , had 40 million +ve cash flow
30 million debt "due" sep this year
its lost 90% of its market cap
capped at 45 million, made 15 million for half year
other than the debt ( which is under 6 months cash flow), its retail shopping and hedging expiring soon ( hedged at 75c) why is it on a pe<2

 
Brendan
post Posted: Feb 23 2009, 12:02 PM
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In Reply To: bvbfan's post @ Jan 5 2009, 08:48 PM

TZN doing really well at the moment, Cheers bvbfan for the tip back in January

 
bvbfan
post Posted: Jan 5 2009, 08:48 PM
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In reply to: Brendan on Monday 05/01/09 10:53am

GIP is the only one with positive fundamentals in the metals side I can see.

TZN perhaps for zinc exposure since it's costs are very low due to by product credits



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Never argue with an idiot. They bring you down to their level and beat you with experience.
 
Brendan
post Posted: Jan 5 2009, 09:53 AM
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New year, time to review the portfolios.. anyone got anymore suggestions on companies with massive reserves low market cap ?

 


mercury
post Posted: Aug 12 2008, 06:15 AM
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Some of you put out companies with massive reserves. But who will energize them. Wheo makes heaps and heaps of solar panels .. a company we can invest in?
merc

 
kofi
post Posted: Aug 10 2008, 02:18 PM
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cool.gif TSV 20m million MC and a 10% share in a potential 4 billion gas play in WA

 
bvbfan
post Posted: Aug 7 2008, 11:26 PM
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Quite a lot of companies have been hammered in the last 3 months or so.

A lot of the ones here are looking interesting if you are a believer in the stronger for longer theory.

I suspect we'll see metals and China recovering after the Olympics.

I think I've seen a report in 2006 that showed that after major events, Olympics and the Soccer World Cup the hosts economy usually undergoes a period of boom.

I still favour copper but molybdenum, a few of the rare earth metals are looking ripe!





--------------------
Never argue with an idiot. They bring you down to their level and beat you with experience.
 
ead83
post Posted: Jun 4 2008, 03:47 PM
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In reply to: bvbfan on Wednesday 04/06/08 10:32am

Heavy Mineral Concentrate, which is extracted from heavy mineral sand deposits.

 
 


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