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  1. #1
    Reincarnated Panthera Snow Leopard's Avatar
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    Default PGX - Primero Group

    Primero Group:
    A multi-disciplinary engineering group specialising in the design, construction and operation of global resource projects.

    I have a soft spot in my portfolios for reasonable engineering companies and this is now one of them.

    Full year announcement, out today, was for NPAT of A$5M2 or 5.6cps on revenue of $85M2 but that was pre-IPO (& fewer shares).

    The IPO saw them raise A$20M of new cash at 40c per share which is still sitting on the books and with 149M shares that equates to 13cps (with another 6cps+ of NTA). Presumably they will do something productive with that cash.


    They reckon that the coming year looks rosy so at 44.5c a share from your nearest broker it may be something that is of interest to you.

    PS: This picture and link has nothing to do with Primero

    Saving Snow Leopards with Deep Learning and Computer Vision on Spark
    Last edited by Snow Leopard; 31-08-2018 at 02:05 PM. Reason: Clarify that cute Snow leopard stuff is not Primero related
    om mani peme hum

  2. #2
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    Quote Originally Posted by greater fool View Post
    Perhaps the link isn't working properly for me, but can't see what it has to do with Primero (or even snow leopards)?
    Last edited by Elles; 31-08-2018 at 09:12 PM.

  3. #3
    Reincarnated Panthera Snow Leopard's Avatar
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    Quote Originally Posted by Elles View Post
    Perhaps the link isn't working properly for me, but can't see what it has to do with Primero (or even snow leopards)?
    Snow Leopards Invest, Pythons Trade perhaps?
    om mani peme hum

  4. #4
    Reincarnated Panthera Snow Leopard's Avatar
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    Quote Originally Posted by greater fool View Post
    Opps.... here's something else, also off topic.

    https://www.youtube.com/watch?v=5Ksr0-H1gmI
    Did you know that Tigers & Snow Leopards are more closely related to each other than any other of the Big Cats?
    om mani peme hum

  5. #5
    Reincarnated Panthera Snow Leopard's Avatar
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    todays market update adding a little momentum to the recent uptrend:
    https://stocknessmonster.com/announc....asx-6A920644/

    om mani peme hum

  6. #6
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    Seemingly good result and forecast out today, although Mr Market didn't seem to think so.

  7. #7
    Reincarnated Panthera Snow Leopard's Avatar
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    Not been the most active of my ASX holds but the Market Update today has put a bit of polish on the share price.



    Give it a month for the proper numbers to come out with NPAT and other stuff like that and we will see if it has legs.
    om mani peme hum

  8. #8
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    This one came on radar. It's half year sales increased by 66% compared to last year but I note the npat fell slightly. I hope the increased sales in the last half translates to a higher profit. If they make npat of 5 mill, that translates to a return on a mrkt cap of 66mill to less than 10%. I would like to see a ten percent return so a profit of 6.6 mill would be the min for me. Dividends? They have over 20 mill in cash, but with the IPO, I'm not sure if they would want to return cash. I'm not sure on this one. Any views?

  9. #9
    Reincarnated Panthera Snow Leopard's Avatar
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    Yeah, I am not sure on this one either at the moment.
    As an engineering company I have a lot of respect for them...
    ...but from a financial perspective I am failing to see what they are playing at.
    So I am going to wait for the FY ann and commentary and then flip a coin .

    A simple 10%+ profit on MCAP (or a P/E less than 10) on current earning strikes me as a poor criteria to base decisions on.
    Current Value is determined by the expectation of the future surely?

    But then as I do not know where the are going at the moment perhaps you are right!
    om mani peme hum

  10. #10
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    Jeepers
    You have been busy SL.
    Good job

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