RQL 0.00% 26.0¢ resource equipment ltd

I think there's a lot of heat on the stock now, but from what...

  1. 602 Posts.
    I think there's a lot of heat on the stock now, but from what I'm hearing, REL's phones are running non-stop from businesses affected by the floods, not just miners!

    Think about the business they could pick up with new buildings (in early phase underground car parks 60m deep, etc), not to mention some of the mines that are 200m+ filled with water.

    Again, REL is the type of company that should be trading on a p/e that not only factors in current profits, but also forseeable growth. I think they're on roughly 14x p/e ratio, don't quote me.

    Anyway, good to see the stock up nearly 50% from SPP.

    Well done to all holders and well done to stonemason for his well written commentry.
 
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