one with good potential

Gloucester coal is a company that has been largely ignored by the market for quite some time.

A brief history.

They were previously known as CIM & operate coal mines in NSW
CIM some years ago got into enormous trouble hedging the Australian $ (at around 80 cents US from memory) & the oz dollar promptly fell to around 60 cents or less. The company nearly folded based on their hedging losses but with funding/ different management & a share consolidation along the way is starting to emerge again as a profitable coal miner.
As always, I recommend anyone who is interested, to do a much more detailed investigation than this brief outline.

But just to your fire up your enthusiasm to do just that, there are brokers reports suggesting EPS of 65 cents next year.

The shares have come up from less than 80 cents to ~$2.10 this year,.. but based on their projected earnings... even on a low p/e of 10... GCL is worth $6.50

So there is a bit left in them.

I've got a few.

Happy researching

Caveat emptor

Bendigo