PGX - Primero Group

[Snow Leopard]

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

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