EVZ - Envirozel Ltd

[The GrandMaster]

Anyone a holder or follower of this stock? Have recently been given a loose recommendation and there has been quite a bit of price action in the last week.

Any advise/comments would be appreciated.

TGM

[absolut-advance]

At a quick glance I Like..

increasing return on equity , currently sitting at 21.9 %
increasing earnings (up 148.7 %) and cashflow (up 110.5%)
increasing sales
Fair P.E 18.5
Market Cap 39.1
138.3 million shares on issue 1.73 million cash in bank.

no nothing of EVZ or its business but looks good enough for further research, cheers for bringing it to our attention

regards

AA

[Lizard]

Nice looking chart and has had a good run.

It's a turnaround in acquisition phase. Revenue expected to grow from $13m to over $30m due largely to the acquisition of Brockman engineering. The Brockman acquisition looks suspiciously cheap - $3.9m for $20m per year of revenue with "good margins" in 2006. I suspect the "good margins" have not always been a feature of this business if they are willing to sell out at this price (while still carrying on working in the business).

Worth comparing to EGL with similar forward revenue but less than one third of the market cap. My understanding is that EGL has struggled in the water side of the business and that this sector is very competitive. I might be missing the finer points of EVZ comparative advantage though?

Being a contract engineering company, I'd expect the margins to be fairly volatile. I think this looks fully priced. But chart is up, so it might make an okay trade. Possibly the price action hints they are going to announce another acquisition.

[bonito]

I have been following this stock for a little while. They like all others have taken a pounding recently.

No seems very cheap, with directors buying up a bit in the last month.

Could help myself, Div due shorty.

Low P/e
Low debt.

Looks bright.:)