is engaged in developing and growing its various mastheads through a combination of print, online and conference media channels. It primarily operates in the media publishing industry, as well as in conferencing and investments, within Australia and in the United Kingdom. It operates in four segments: print, Internet media, conferencing and investment. The print segment is engaged in traditional print publications across a number of trade sectors, including mining, construction, energy and the resources sector. The Internet media segment develops and maintains Websites and daily news services covering various sectors, including mining, energy, construction and longwalls. The conferencing segment is engaged in running events and holding conferences in various locations and across a number of sectors. The investment segment receives revenue from advisory fees and general investment income. In January 2011, it acquired Kondinin Information Services.
Numbers
Market cap 23.7 AUD
Sales 25M AUD (increase from 3M in 2003 or by 800% in 8Y, in fact revenues are growing every year which shows that Aspermont is a crucial information provider for mining, energy, construction proffessionals who are hungry for this kind of publications company offers)
Quarterly Sales Growth 33%
EBITDA 3.2M AUD ( their EBIT is mostly positive ranging from 1M-3M AUD and few times was slightly negative like 550,000 AUD in 2009, the EBIT is too volatile but it shows that company has a great unrealized potential to bring at least 2M AUD in EBIT at this level of sales, because industry depends on them and not they depend on the industry, they have a great pricing power and easily can raise prices on all their publications that are paid by companies, not an individuals. Think of it, if a CEO of a public/private mining company would cancel a subscription to a proffessional journal read by him/her and other employees if price would rise by 10-20%, of course not. )
Cash 3.8M AUD
LT Debt 9.1M AUD
Employees 142
Assets 38M AUD
Liabilities 22.6M AUD
Shares Outstanding 236,700,000
Float 25,340,000
Resume: This stock already had it's bear market for no reason (excellent fundamentals, balance sheet) and will outperform major stock market indices going into the future. Stock has no correlation to the sector/stock market (negative correlation) and is very, very cheap. Growing sales, assets, no high debt, good cash level, profitable, covers every corner of industries it serves. Today to start a similiar business will be worth more than all the market cap of Aspermont that's why there is a very high take over possibility by a bigger media company. 90% of the shares are held by different shareholders, very low float that's why premium in such case must be very significant, but I think Aspermont are not interested in that at all as they can go alone a long way from here. They serve a blue chip companies with information and for me this stock is a blue chip. A WIN-WIN. There is no downside from here. You decide.
www.aspermont.com
