Hughes Drilling Limited ("HDX")

[Joshuatree]

NPAT up re 45% to $6.5 mill for half year and margins up too.
But STILL spending on new Hire Purchase division !!! Total liabilities $73 mill
share price up 27% to 14c atp.

Mkt cap re $29 million

[Joshuatree]

Rev $107.5 mill
NPAT $8.2 mill for FY15
Underlying profit $10.8 mill
Debt still high re 42.3%
Share price up 1c to 15c mkt cap re $28 million

[Joshuatree]

14c atm terrible spread, agree ;hell in a hand basket (and maybe back ) sorta stock. Far better quality out there.But either you back your convictions and average down and maybe multi bag later ;COF type play or get your money back and miss many other higher quality opps with way less risk.

[Joshuatree]

Famous last words (not). voluntary admin. Its just one more time (bad decision) or one less time hopefully

[percy]

Famous last words (not). voluntary admin. Its just one more time (bad decision) or one less time hopefully

Unfortunatly you are not alone.!
Luckily I only brought a small parcel, with the view of adding to it,which I never did.

[Joshuatree]

. A REVIVAL !!!? Recapitalisation and huge share consolidation 35 to 1
Download Document 1.46MB

[macduffy]

. A REVIVAL !!!? Recapitalisation and huge share consolidation 35 to 1
Download Document 1.46MB

My small parcel becomes a very small parcel! Not that it's worth anything much, either way!