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0.00% 7.4¢ china steel australia limited

This deal reminds me of BAU. It was trading at 20-25 cents and...

  1. stuverine
    664 Posts.
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    22/01/10
    07:30
    Post #: 6233828
    This deal reminds me of BAU. It was trading at 20-25 cents and announced a placement to chinese backers at 50 cents. SP now around $1.00.

    Not an overnighter...but the register is as tightly held as they come...so she should fly one day.

    100% capacity means some serious profits. My guess is it equates pa to anywhere between 10-30 million npat. Not a bad return on CNH's current market cap!
    CNH Price at posting: 16.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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