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Massive reserves low market cap.
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.

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.

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

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

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

Never argue with an idiot. They bring you down to their level and beat you with experience.
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 ?


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?

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

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.
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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