SWK - Swick Mining Services

[benwex]

Hello ASF peeps,

I have been holding this stock for several months now and have found very little information on the company. Does anyone follow this stock or have an opinion??

thanks

Benwex

 

[nioka]

Re: SWK - Swick Mining

This is a company which should do well considering the need for the service in the buoyant mining industry. The question in my mind is will it do well for the shareholders or for the Swick family. In this sort of situation the family interests may come first. I'll sit this one out.

 

[benwex]

Re: SWK - Swick Mining

And I thought out at 48 there would be an opportunity for a retrace buy in...

The Swick family must be happy.

 

[dabbler]

Re: SWK - Swick Mining

More than a 4 bagger in 5 months, everyone is happy......keep going!

 

[wildmanchris]

Re: SWK - Swick Mining

Anyone have any thoughts on this share?

Wise Owl has it as a buy, and its just gone into a trading halt.

 

[michael_selway]

Re: SWK - Swick Mining

Anyone have any thoughts on this share?

Wise Owl has it as a buy, and its just gone into a trading halt.

I have an eye on this oen recently, so aslo will be interested in what the trading halt was for

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 5.5 8.9 15.3 17.0
DPS 0.0 0.0 2.0 5.0

thx

MS

 

[scubasteve]

Re: SWK - Swick Mining

There is a trading stop on SWK and today they are showing as worth $0. Can someone explain to me what will happen next? and when it will happen?

Have I just bottomed out???

 

[dubiousinfo]

Re: SWK - Swick Mining

There is a trading stop on SWK and today they are showing as worth $0. Can someone explain to me what will happen next? and when it will happen?

Have I just bottomed out???

No need to jump out the window just yet.

They have been suspended from trading temporarily at the request of the company pending an announcement.

The management believes they are in discussions that are market sensitive, but they are unable to report those negotiations at present. Under ASX rules, they are required to request a suspension.

This is a regular occurrance in the market.

Once the negotiations are complete, the company will release an announcement and trading will resume.

Could be a couple of days, or a couple of weeks. So just sit tight and relax.

 

[scubasteve]

Re: SWK - Swick Mining

Thanks for the info, so it could be good news after all.

The window was open and I was looking down!

 

[GTBC]

Re: SWK - Swick Mining

just bought into it.24% growth in 2 weeks with a solid growth on the charts and all the gaps filled, looks promising. I can see it growing to at least a $2.60 stock in the near future.

 

[michael_selway]

Re: SWK - Swick Mining

just bought into it.24% growth in 2 weeks with a solid growth on the charts and all the gaps filled, looks promising. I can see it growing to at least a $2.60 stock in the near future.

Its pretty good, do you think their drilling business carries alot of risks?

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 5.5 8.2 15.3 19.8
DPS 0.0 0.0 2.0 6.0

thx

MS

 

[simo]

SWK. Swick Mining Services... anyone had a look lately

This company seems to be growing very fast and wonder what the long term forcast for the share price looks like.

 

[Just a mum]

Re: SWK. Swick Mining Services... anyone had a look lately

:iagree: Finally someone mentioned Swick on this forum.Was reading about this coy a month ago and had a look at their charts (at Comsec). Looks impressive. Even in the current market they are holding good. I guess their services are in the high demand. From what I understand they provide services to the mining companies as as we all know it's booming. More thoughts on this one?
:70:

 

[stellmac]

Could not agree more with "Just a Mum". If you read the presentation to the AGM on 19 Nov, available from their web site, you will see they are forecasting a doubling of revenue from $40m to $80m, strong Balance Sheet, and excellent flow of work.

To my mind they are a cheap buy at present...I see them as a sleeper or badly under rated by the market. Consider the recent re rating of Austen Engineering, ANG, by the market. Swick is proably a better bet, in my view, and should go the same way.

Unless of course there is something the market knows that I dont. However I am a long term holder of this share, and builder of my position on any dips, such as the present one. Happy investing...Stellmac

 

[michael_selway]

Could not agree more with "Just a Mum". If you read the presentation to the AGM on 19 Nov, available from their web site, you will see they are forecasting a doubling of revenue from $40m to $80m, strong Balance Sheet, and excellent flow of work.

To my mind they are a cheap buy at present...I see them as a sleeper or badly under rated by the market. Consider the recent re rating of Austen Engineering, ANG, by the market. Swick is proably a better bet, in my view, and should go the same way.

Unless of course there is something the market knows that I dont. However I am a long term holder of this share, and builder of my position on any dips, such as the present one. Happy investing...Stellmac

Wow not bad!

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 5.5 8.2 15.9 21.3
DPS 0.0 0.0 2.0 6.0

thx

MS

 

[stellmac]

As my wife says "they are Chinese Greengrocers".

They manufacture rigs for the booming commodity market and per their presentation I refered to earlier, 25% of revenue is from the Nickel industry related, 25% Copper, 25% Gold, and the other 25% Manganese,Coal, Bauxite , and Lead and Zinc.

They seem to have well designed and innovative rigs, particualrly in Diamond drills. Hope this answers your earlier question Michael. Cheers.. Stellmac

 

[austek]

Read somewhere recently that they designed the fastest drilling rig in the mining business and also use them on mines they own.

So took a position today to get the ball rolling

 

[General Grievous]

Read somewhere recently that they designed the fastest drilling rig in the mining business and also use them on mines they own.

So took a position today to get the ball rolling

Swick do not own any mines. They have their own rig designs that has won safety awards. They are expanding their fleet rapidly and have a number of new innovations they are trialling, all related to drilling. With increased focus on safety, they should do ok over 12-24mths. Especially with drill rigs hard to come by. Given Boart Longyear has bought out all and sundry it is good that there is an up and comer. If they go international then the sky is the limit although no immediate plans that I know of.

 

[austek]

Thanks for clearing that up, I just hope they do go well. Big difference between fast drill rigs and safe rigs

 

[jeffTH]

Swick do not own any mines. They have their own rig designs that has won safety awards. They are expanding their fleet rapidly and have a number of new innovations they are trialling, all related to drilling. With increased focus on safety, they should do ok over 12-24mths. Especially with drill rigs hard to come by. Given Boart Longyear has bought out all and sundry it is good that there is an up and comer. If they go international then the sky is the limit although no immediate plans that I know of.

Whilst SWK do not own any mines Cougar Metals CGM list members of the Swick family as substantial shareholders. I suspect that CGM would be under some pressure to use SWK for drilling!

I consider SWK to be a good contender in the short to medium term and a good stablemate for Macmahon MAH.