Sold this high flyer few yrs ago. Have been watching since new CEO L Barlow came on board 12Mar . Decided to jump in as vol hit 12 million this morning. Betting on the new CEO as he has strong credentials from Fortune 500 company.
Neigh - This is actually a good horse but it needs a top jockey to guide it to the winning post. The co. has strong balance sheet and cash flow, but needs better project execution to improve its puny 3.7% nett profit ( vs Civnec’s 9% n PE 15X ). Other than ASX listing, new CEO is also targeting AUD1 billion revenue plus improved nett profit to industry ave 6 to 7 %.
These targets are realistic as the mining capex committed in Oz is abt AUD260 billion ( 60% are for LNG projects ) and I think L Barlow is the man to do it. Sidetracking, Ezion ( am vested ) has a strong presence in Oz LNG industry too. My views only.