Low PE producing stocks

[prawn_86]

I have recieved a few questions from members lately with regards to what stocks have low PE's.

The following are my pick of the bunch:

AZC - Aus Zircon.
Has recently began mining and yet SP has continued to slide downwards. Forecast EPS of 4 - 6 cps before any production ramp ups put this at a PE of 4

IRL - India Resources
Has also just begun mining, Copper concentrate out of the Surda mine in India. Depending on how well production goes and how quickly the ramp it up to full capacity its PE on the surda mine alone is between 2 - 5. Plus holds other investments and lots of exploration targets.

RRT - Record Realty Trust
Not a miner but a low PE of 3 and a div yeild of about 11%. Current price 61c with NTA per share of around $1.10. Something doesnt add up, but this will probably be my next buy when i get some cash.

FDY - Findlay Securities
Again, not a miner, but a current PE of 4. The more market turnover there is, the more these guys make, simple as that. Illiquid though, which seems to hurt it at the moment. Once profit anns come through this should change


For more detailed info i suggest you read through each stocks thread.


And putting my mod hat on:
I am doing this to help others out and you are more than welcome to comment or add your own low PE stocks, but lets not turn this into a ramping thread. Stocks posted without analysis will be removed.

Enjoy!

Prawn

**Disc - At this point of time I only hold IRL, but wish i held them all**

 

[Awesomandy]

RRT - Record Realty Trust
Not a miner but a low PE of 3 and a div yeild of about 11%. Current price 61c with NTA per share of around $1.10. Something doesnt add up, but this will probably be my next buy when i get some cash.

Last time I checked, their dividends are generally generated by refinancing their properties, and, in the current climate... good luck is all I can say.

 

[prawn_86]

Last time I checked, their dividends are generally generated by refinancing their properties, and, in the current climate... good luck is all I can say.

From one of their last anns:

Further, only four of the forty assets representing 5.4% of the
total asset level debt, have debt that will expire on or before April 2010.

It is a complex business structure, but what i gathered is their divs are generated from selling assets. Perhaps they meant selling from one loan to another Now i know this isnt good policy, but with such a large SP vs NTA difference i think there is upside here.

 

[treefrog]

at the risk of getting bumped because there is minimal research behind these
but with discussion about low PE stocks in ZFX thread I did a search for low PE stocks with reasonably good capitalisation (> $100m) and these came up

posted here for people to do their own research to sort the wheat from the chaff (I know everone always does their own research don't they - so that was a bit redundant - wasn't it!!)

a start - no idea how much of producers they

ASX Code Co Name P/E Ratio Market Cap

CER Centro Retail Group 2.29 1,337,543,663

PMV Premier Investments Limited 1.19 766,593,427
CNP Centro Properties Group 1.80 726,799,732
TSO Tishman Speyer Office Fund 3.17 490,518,218

TWR Tower Limited 2.69 376,892,772
LRF LinQ Resources Fund 2.10 365,808,010
WOTCA Westpac Office Trust 3.78 279,044,444
AAH Arana Therapeutics Limited 1.43 260,834,501
RRT Record Realty 2.83 245,546,874
CTN Contango Microcap Limited 2.26 198,223,709
IEF ING Real Estate Entertainment Fund 3.31 196,221,595
HAP HFA Accelerator Plus Limited 3.26 189,060,671
MAFCA Multiplex Prime Property Fund 2.95 180,329,521
WAM WAM Capital Limited 3.76 177,013,465
FPG Forest Place Group Limited 3.10 136,254,539
CPK CP1 Limited 2.89 121,917,633

MFI Mariner Financial Limited 3.02 103,424,712
RHG RAMS Home Loans Group Limited 2.24 99,076,807
SLF SPDR S&P/ASX 200 Listed Property Fund 3.87 83,856,017
ALF Australian Leaders Fund Limited 3.92 82,502,979
FGE Forge Group Limited 0.99 78,462,040
DES Destra Corporation Limited 2.74 77,460,246

PNN PepinNini Minerals Limited 3.42 72,667,873
HWG Hostworks Group Limited 1.59 65,920,110
NAM Namoi Cotton Co-Operative Limited 3.87 49,830,205
KAT Katana Capital Limited 3.99 47,520,672
LIC Lifestyle Communities Limited 1.62 46,555,981
GLE GLG Corp Ltd 3.59 34,086,000
CDM Cadence Capital Limited 3.16 29,144,731
OEQ Orion Equities Limited 2.18 21,911,698
AHC AHC Limited 3.01 21,817,653
TAG Tag Pacific Limited 3.30 21,377,518
TWT TWT Group Limited 3.70 20,599,691
SCB Scarborough Equities Limited 2.87 18,356,243
FTD Fig Tree Developments Ltd 0.27 16,228,281
GUL Gullewa Limited 2.98 15,741,443
EPY E-pay Asia Limited 1.84 15,066,488
MPJ Mining Projects Group Limited 1.74 14,668,351
TDI Tidewater Investments Limited 2.63 12,608,401
TTH Tooth & Company Limited 3.33 12,444,402
LCE London City Equities Limited 1.58 12,393,125
TVN TVN Corporation Limited 0.42 10,316,846

 

[lazyfish]

IPM - Incremental Petroleum Limited

Oil producer and developer, gas developer. Currently trading at a PER of 6.9 (based on last financial year). Has a 50% dividend pay out policy. Also developing gas prospects in northern Turkey with OEL (self funded from memory).

Disclosure I own this and have just recently topped up.

 

[dhukka]

Last time I checked, their dividends are generally generated by refinancing their properties, and, in the current climate... good luck is all I can say.

A quick glance at the 2007 financials for RRT show they have been using the same ponzi financing scam as the likes of centro. $1.9 billion in debt vs $420m in equity, I wouldn't put much faith in their ability to generate high payout ratios going forward. 5.4% of almost $2 billion is still a lot to refinance and I doubt they will get as favourable terms as they have in the past.

 

[dhukka]

Stocks posted without analysis will be removed.

And the 2 lines you've written on each of these stocks constitutes analysis? Do we need mods to moderate the mods?

 

[Nyden]

And the 2 lines you've written on each of these stocks constitutes analysis? Do we need mods to moderate the mods?

He didn't say detailed analysis, but rather I believe he wants some form of description about the stock, a rough piece..

Although, listing TMR seems a little iffy :
Thread isn't 'stocks that may become low PE'

 

[ZacR]

He didn't say detailed analysis, but rather I believe he wants some form of description about the stock, a rough piece..

Although, listing TMR seems a little iffy :
Thread isn't 'stocks that may become low PE'

I agree, "but once new copper mine comes online this year (hopefully)" is hardly analysis... So let's say people who put up a stock name and nothing else will be bumped, yea ?

 

[prawn_86]

The reason i put 'hopefully' for TMR is the fact that nearly every mining project runs behind schedule. I have also stated that people are free to go over to each stocks thread and discuss there or find more detailed info

And in hindsight it probably doesnt fit perfectly under this title so i have now removed it...

 

[mrgroundwork]

Crown (CWN) has a very low PE at the moment due to recent SP weakness... fair enough it is going to have to generate a lot of its future growth through acquisitions, but it does seem mighty cheap for a quality large cap...

people will still gamble even through recessions and it has very strong and stable cashflows... just a thought...

 

[gfresh]

ASX Code Co Name P/E Ratio Market Cap

MCR Mincor Resources NL 6.20 643M (4.3% div yield)