PEA followers - I have just re-read the press statement for ENE/EnGen transaction. The statement points to a potential tripling of the remote area power market in Australia as core to their investment thesis. This helps tie up with PEA aim of +200mw under management.
From my calculations - ENE has paid about ~10x current EBIT for the EnGen. If you annalise current contracts and the roll-out of fuel saving technology, PEA should target ~$20m EBIT by FY12. This would imply ~55-60 cps for PEA on same valuation methodology (assuming some continued debt pay-down). If the business continues to win more contracts then this valuation will obviously improve.
Given the new mineral projects/EPCM announcements in the mining services space at present, it certainly looks like a growing market.
PEA followers - I have just re-read the press statement for...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PEA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.09 |
Change
0.005(0.46%) |
Mkt cap ! n/a | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.09 | $1.09 | $80.13K | 73.80K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 20979 | $1.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.09 | 93741 | 7 |
View Market Depth
| Last trade - 13.41pm 24/09/2019 (20 minute delay) ? |
| PEA (ASX) Chart |
Day chart unavailable
