supertramp - depends on what you are after. It has caught my eye with a considerable jump in earnings - compared to the first half last year pre tax eps up approx 344% on revenues up about 190% and ROA up about 230% (although still low at 6.3%).
The other thing is that the first half earnings this year are nearly equal to ALL of last year and so I expect the full year to be therefore up considerably on last year - at least double.
Added to this was an announcement this morning that they speny about $47million acquiring 3 new cash flow positive assets - so I expect that to even increase the full year more.
The dividend will be unfranked (I think - but not certain) - however I expect it to double for this year.
I see downside minimal as also trading on a 2007 forecast of about a 20% discount to its sector (excluding todays acquisitions I would think - making it even better) and maybe 30% - 60% upside as just a guess for this year?
Just my numbers and thoughts - do your own research.
TCQ Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
