CGH is not trading at 4x. If you annualise npata, you arrive at $5m. On a mcap of $130m, that is a PE of 26x. I'm not trying to criticise you, simply educate you. Didn't you see the massive fall in npata in 1h of $27.5m to a forecast of $2.5m. What makes you think that there will be a big bounce back in FY14? The coal market is on life support, iron ore is moving into surplus, infrastructure is weak. Have you spoken to any industry contacts? Have you spoken to BHP and RIO? These issues take a long time to work through and the cycle is most definitely against service companies.
Don't waste your time criticising me. You should be blasting management and speaking to their competitors.
CGH Price at posting:
42.0¢ Sentiment: Sell Disclosure: Not Held
