CXG 2.27% 21.5¢ coote industrial ltd

A good result. All divisions profitable, synergies kicking in,...

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  1. 15 Posts.
    A good result. All divisions profitable, synergies kicking in, outlook positive with the mining sector going gangbusters. Earning 2.5c/share last half with more to come next half. Full years eps of +5c equals pe 4.5 at current share price with great growth prospects.
    I note that the banks have partially extended the long term debt facility and further short term debt extension to cover Greentrains and South Spur sale shouldn't be a problem given the banks have already committed.
    Confidence in this stock should grow from here.
 
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