Saunders international Ltd is the leading Australian specialist in the Design, Construction and Maintenance of Bulk Storage facilities for the Water, Petrochemical and Infrastructure industries.
I figure there's alot of upside to SND with very little risk, SND is a niche business with over 50 years experience, its a business that's difficult to duplicate especially in a small market like Australia.
SND don't just make new tanks etc, they have a dual revenue stream being the principal provider of storage tank maintenance services to 6 of Australia’s 7 major operating petroleum refineries.
I brought a few today @ 30 cents as that has previously been a profitable level to buy at and figure that 1 half decent (new contract) announcement would be SP positive.
- Market Cap: 23,610,000
- Shares on issue: 78,700,000
- Cash: 14 mill
- Debt: 0
- Annual revenue above 55 million
- Pays fully franked dividends twice per year
- 52-wk Low: 0.22
- 52-wk High: 0.40
- Top 20 hold over 82% (2008)
- First listed: Dec 2007
Annual report 09: http://www.asx.com.au/asxpdf/2009082...h8qs1cs0qp.pdf
Saunders site: http://www.saunders-international.com.au/
My opinion only ...of course. DYOR & MYOD