AZG: Driving my car back from the coast today, I was lighting a cigar, drinking a coffee and reading the half year results when I read the guidance I thought AZG had down graded guidance to $13M for fy12 then when I got home and read the guidance properly I realised it's actually $13M to $21M woo hoo !!!! PE 2.8 to 4.5 subject of course to potential dilution well done Allmine group great result. Very clear in your explanations about cashflow, adjustments guidance etc very good clear and truthful report. diluted eps up 240% NPAT up 731% Revenues up 397% total liabilities reduced by 13% ie: strengthening balance sheet. I also noticed organic growth in the maintanance/engineering (ex Arccon) division is up 45%+ which my hat goes off to the allmine crew for doing because:
Growth via acquistion is one thing but serious organic growth that says alot, serious organic growth is quality long term growth and it shows excellent skills within a company.
DJ1 you almost had me freeking out lol ;]
AZG Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held