Compare these to SXT. just electricity retailer-whereas SOO is elec and gas retailer. I used to have a lot of SXT- but sold them as the price was going nowhere and SOO looked a better buy - though knowing the margins are the key.
Waiting for the qtr report before end of month- if there is one. Could be a rerate like HIT- it also had no liquidity until it was picked up by more HC traders.
Need to know the margins to work out the value. Sold a few as dont like my money not growing.
SXT is claiming margins of around 15% . If SOO has 15%margins it should be a >10c share.
Also SOO elec sales of 182GW is already well beyond SXT.
If u google "electricity retailer margins" there is a pdf file from NSW gov that says around 5% is the margin they work on.
Waiting on news to work out margins before I lay some more money down.
GOE Price at posting:
2.6¢ Sentiment: Hold Disclosure: Held
