predictions, page-20

Still looks one of the best value plays in the mining service sector based on forward projections even allowing for a modest ROE.


$ in millions, cents
FY09 FY10 FY11E FY12E FY13E
Revenue 239 253 271 305 340
EBITDA 18 12 24 28 32
EBITDA Margin 7.5% 4.6% 8.8% 9.1% 9.5%
EBIT 11 4 16 21 25
EBIT Margin 4.5% 1.6% 5.9% 6.9% 7.4%
NPAT 9 3 9 15 18
EPS (A$) 0.18 0.05 0.14 0.23 0.27
EPS Growth -43.3% -70.7% 164.2% 64.3% 17.4%
DPS (A$) 0.00 0.03 0.06 0.08 0.10
Div. Yield 0.0% 5.2% 7.4% 10.7% 12.8%
ND/ND+E 29.7%
Source:Bloomberg