GOE 0.00% 2.7¢ go energy group limited

Solco is a Bargin when you compare it to its peers.I couldn't...

  1. 2,375 Posts.
    Solco is a Bargin when you compare it to its peers.
    I couldn't find any peers on the ASX but found 2 on the NYSE.

    RSOL (numbers in USD)
    Revenue in 2008 $40M
    Cash in Bank $12.7M
    Market Cap $70M
    http://finance.yahoo.com/q?s=RSOL
    In Qtr 1 2009 they made a loss of almost $1.4M

    AKNS (numbers in USD)
    Revenue in 2008 $40M
    Cash in Bank $2.9
    Market Cap $55M
    http://finance.yahoo.com/q?s=RSOL
    In Qtr 1 2009 they made a loss of almost $1.4M

    SOO (numbers in AUD)
    Revenue in 2008 $26M
    Cash in Bank $3.5M to $4.0M
    Market Cap $11M (@6 cents a share)

    If you use AKNS as the indicater for the SOO shareprice.
    SOO should be trading at a market cap of around $36M. Which means the share price should be at $0.18. If you base it on RSOL, SOO should be trading at $0.227.

    If you base it on fundelmentals SOO should be priced at a premium, as it is profitable, where RSOL and AKNS both burned through cash in 2008.

    No doubt based on the above SOO should be trading well above $0.15!
 
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